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