A concluding part in our series on
XAUUSD
triangular price action.
This time the volatility squeeze has reached extreme readings. Despite a 3-day
DXY
advance in most FX majors, Gold is still consolidating. It is difficult to count waves correctly because of faulty quotes. Compare H4 and H1 charts here, and also check 07/24 bottom price on other trading platforms -- you will see its different. Anyway, we still have a near-perfect technical Triangle setup emerging from 07/31. The breakout is imminent. ADP Employment Change report may be the news to move the market. US ISM Non-Manuf. Composite index is also important today.
XAUUSD
triangular price action. This time the volatility squeeze has reached extreme readings. Despite a 3-day
DXY
advance in most FX majors, Gold is still consolidating. It is difficult to count waves correctly because of faulty quotes. Compare H4 and H1 charts here, and also check 07/24 bottom price on other trading platforms -- you will see its different. Anyway, we still have a near-perfect technical Triangle setup emerging from 07/31. The breakout is imminent. ADP Employment Change report may be the news to move the market. US ISM Non-Manuf. Composite index is also important today.