XAUUSD - BUY

10 Jun 2024

• Looks like a Buy to me
  
• On higher time frame Daily to the left is one big candle
  
• Instruments luff these candles and often Return to the Previous Level.
  
• There sits the most amount of orders so Mr Big can Cash in and swap all his Buys for Sells.
  
  
• Thats how the game is played.
  
  
• I have found Gold especially luffs to do this.
  
  
• Meaningful things to say
• In May 2024, gold experienced volatile trading, hovering around the $2,306 mark.
  
• It reached an all-time high above $2,400 per troy ounce in the latter half of the month.
  
• However, profit-taking ensued due to a more hawkish US rate outlook, causing the precious metal to dip by nearly 3.5% in the last 30 days12.
  
• The highest trading price during that period was $2,430.49 on May 20, 20243. 🌟