This are my personal opinion and idea,
XAUUSD currently has a score of +4, or a Buy rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that the Gold has a long percentage of 78.85%, and we see that the USD has a long percentage of 64.3%. This category receives a +1, as institutional traders favor the Gold.
Taking a look at seasonality, we get a score of +1. What this tells us is that based on historical data, this market tends to rise during this month.
Trend reading is based on the daily chart, using the 5, 8, and 21 Exponential Moving Average. The more 'aligned' they are, the stronger the trend up or down. In this case, we have a score of +1.
Finally, let's look at fundamentals. The index saw higher GDP growth, inflation was lower than the previous report, unemployment was higher this month, and interest rates are lower than the last time
XAUUSD currently has a score of +4, or a Buy rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that the Gold has a long percentage of 78.85%, and we see that the USD has a long percentage of 64.3%. This category receives a +1, as institutional traders favor the Gold.
Taking a look at seasonality, we get a score of +1. What this tells us is that based on historical data, this market tends to rise during this month.
Trend reading is based on the daily chart, using the 5, 8, and 21 Exponential Moving Average. The more 'aligned' they are, the stronger the trend up or down. In this case, we have a score of +1.
Finally, let's look at fundamentals. The index saw higher GDP growth, inflation was lower than the previous report, unemployment was higher this month, and interest rates are lower than the last time
