Possible XAUUSD reversal to fill the thin volume
If we manage to break through High Volume Area R1, then going through R2 and further will be more feasible, volume-wise.
Last 4 trading days, Point Of Control has gone through higher highs, indicating an upside momentum.
The DB (Day Before) was closed aggressively lower. However it left a think volume trace behind and POC is higher too.
Fundamentally, political instability in Europe, with shocking results in European Election and snap elections announcement from Macron in France could be a catalyst for Gold bulls.
Last 4 trading days, Point Of Control has gone through higher highs, indicating an upside momentum.
The DB (Day Before) was closed aggressively lower. However it left a think volume trace behind and POC is higher too.
Fundamentally, political instability in Europe, with shocking results in European Election and snap elections announcement from Macron in France could be a catalyst for Gold bulls.
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