Reading the Right Side of the Chart : XAUUSD 16 September 2019On Friday the daily range was 226 pips whilst the 20-day ADR was 224 pips. Allow me for little hindsight analysis here (the worst kind I know) : The 20-Day ADR was hit on Friday and the root of that intraday bearish move was on Wednesday when price close above Monday and Tuesday-Wednesday high and tested the Tuesday-Wed Low.
The 20-day average daily range (20-day ADR) for today is 226 pips. I am anticipating a 300 pips run between today until Tuesday's London open at 3 pm (Singapore/Malaysia time).
I am looking at the liquidity pool around 1510.00 - 1515.00 prices level. If price closes inside or above it between now until Tuesday London open, I will be looking to short XAUUSD .
