XAUUSD Long Position
Jan 15th 2024
Attempted Direction- Bullish
Direction Performance - Weak
Features
Bullish Range Extensions
Buying Composite
No Buying or Selling Tails
Weak High and Weak Low
Contracting Value Area
Decreased Volume
I believe although price moved up today, it was a weak buying performance. As a result I believe we would need to move downwards in order to find buying volume
Additionally, today was an inside day which also demonstrates a lack of conviction
I will still be looking for Bullish positions if price reaches 2034 or 2041
Attempted Direction- Bullish
Direction Performance - Weak
Features
Bullish Range Extensions
Buying Composite
No Buying or Selling Tails
Weak High and Weak Low
Contracting Value Area
Decreased Volume
I believe although price moved up today, it was a weak buying performance. As a result I believe we would need to move downwards in order to find buying volume
Additionally, today was an inside day which also demonstrates a lack of conviction
I will still be looking for Bullish positions if price reaches 2034 or 2041
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