Higher highs and higher lows. Seasonality is playing out and should continue into the new year. Watch for chop and maybe a few pullbacks in the blue inventory zone above (lot of traders there from last summer). Volume evidence in that zone will show the probability of the next move. I know there is no volume on this chart because it doesn't show for gold on daily but switch to 4 hour and you'll see the inventory trapped in the blue zone.
評論:
Looking at history, we may walk right up through that blue inventory zone. Have to watch and see the reaction there.
評論:
Got the chop I was originally looking for. Should be good.