GOLD
XAUUSD: Gold Tracker
• A significant movement, a nice bullish leg.
• Momentum, news, an event.
• Orderly consolidation with higher lows, reduced volatility.
• The action rides the EMA 10 or the EMA 20.
• Volumes are significant compared to the previous phase.
• Volumes dry up at the end of the consolidation.
• Volumes are high during the breakout.
On gold, the volumes are not significant.
• A significant movement, a nice bullish leg.
• Momentum, news, an event.
• Orderly consolidation with higher lows, reduced volatility.
• The action rides the EMA 10 or the EMA 20.
• Volumes are significant compared to the previous phase.
• Volumes dry up at the end of the consolidation.
• Volumes are high during the breakout.
On gold, the volumes are not significant.
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