XAUUSD

15 Apr 2024

• Looks like Classic Sweep Below Swing Low to take out Stops.
  
• Nice Pinbar = propulsions candle.
  
• Have had Pull Back into Fair Value Gap.
  
• Alot of Orders in those Pinbar and Bullish engulfing candles on KT Volume Profile Indicator.
  
• Now across Mvg Ave 200.
  
• Gold should follow Silver who is ahead considering the pairs correlation.
  

Fear Gauge crashing
45
Previous close
46
1 week ago
62
1 month ago
74

• The narrative surely is still the fight against "Dick Darstedly Inflation".
  
• Hedge against US dollar collapsing at some stage.
  
• Oh and there's a couple of wars going on Gold of course a Major Safe haven in times of uncertainty.
  
• How more uncertain can we be of late.
  

• But hitting resistance now renound reversal point
  
• Still best to wait for break above then pull back and bullish candles preferably.
  
• Nothings easy : )