XAUUSD Key Levels of Accumulation and Markup

This is Gold on the last 10 years, its possible to see clearly the Accumulation ranges, which later expand to new ranges above, and starts a new Accumulation range.
In the long term, all the currencies tend to lose value in relation to Gold, this is why in the last 10 years we only see Accumulation + Markup + Accumulation + Markup, and never a Distribution phase.

It's interesting how gold has been expanding the same size of around 2.970 pips on the ranges of accumulations. It make these key levels even more clear and stronger.

Also observe the mean on the 50% of the ranges, it has great opportunities to use mean reversal strategies to sell on the top of the range, and buy on the bottom. And for intraday trading we can use this levels to understand areas where buyers and sellers has more strength.
accumulationEconomic CyclesexpansionSupport and ResistanceTrend AnalysisXAUUSD

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