Syndra

XAUUSD 24.10 Greed Structure Bullish Perspective

OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD seem like have their participants defending greed key level on ATR creating a lower high. This show the participants tend to greed and contest a key level. ATR create a shrink structure usually mean that the price tend to contested by the participants and that will create a momentum on a breakout. However, it is unclear that participants prefer to follow structure that are expanding or shrinking? are they fear of missing out from a good trade or fear of getting their key level being taken down by other participants? One clear answer will answer which structure will be respected the most on the next move.
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