Please check the linked ideas for more context.
Gold has shown good bullish impulses during the previous two weeks or so. However now it's kind of stuck in this messy range. And though it's saving its bullish potential, I would wait for more confirmation and actual bullish price development.
I want to show this market to remind myself what's unclear for me, and maybe you'll also add something to your plan, like what is clear and unclear in the markets.
Institutional sentiment is 50\50. Multitimeframe analysis has shown basically the same rangy wicky structure recently, so this is one of the markets that are not worth trading at this specific moment.
One more interesting thing is that this week follows a very intense week before, filled with news and strong movements. This week, on the contrary, has less news and probably will have less volatility.
Gold has shown good bullish impulses during the previous two weeks or so. However now it's kind of stuck in this messy range. And though it's saving its bullish potential, I would wait for more confirmation and actual bullish price development.
I want to show this market to remind myself what's unclear for me, and maybe you'll also add something to your plan, like what is clear and unclear in the markets.
Institutional sentiment is 50\50. Multitimeframe analysis has shown basically the same rangy wicky structure recently, so this is one of the markets that are not worth trading at this specific moment.
One more interesting thing is that this week follows a very intense week before, filled with news and strong movements. This week, on the contrary, has less news and probably will have less volatility.