XAUUSD analysis and market psychology.
: On this chart, buyers are in the market in a high volume. They have taken over and pushing the market upwards to break the strong resistance made my the impulsive downward movement. As long as they have overcome the resistance they would be able to move to the market upwards continuously until the volume of sellers overcome them. At this point I am taking 25 pips at the next Fair value gap (FVG) and a tight stop loss have been put in place.
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