XAUUSD Long Position
Jan 15th 2024
Attempted Direction- Bullish
Direction Performance - Weak
Features
Bullish Range Extensions
Buying Composite
No Buying or Selling Tails
Weak High and Weak Low
Contracting Value Area
Decreased Volume
I believe although price moved up today, it was a weak buying performance. As a result I believe we would need to move downwards in order to find buying volume
Additionally, today was an inside day which also demonstrates a lack of conviction
I will still be looking for Bullish positions if price reaches 2034 or 2041
Attempted Direction- Bullish
Direction Performance - Weak
Features
Bullish Range Extensions
Buying Composite
No Buying or Selling Tails
Weak High and Weak Low
Contracting Value Area
Decreased Volume
I believe although price moved up today, it was a weak buying performance. As a result I believe we would need to move downwards in order to find buying volume
Additionally, today was an inside day which also demonstrates a lack of conviction
I will still be looking for Bullish positions if price reaches 2034 or 2041
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.