volatility is used to wipe out small margin traders who do not use risk management.
our previous analysis was voided on the second play, our first play prediction was respect. The elections indicate that if biden wins, the dollar weakens, the chart currently broke out of a consolidation with a rising candle, failure to hold the 1930 in the next week it could mean XAUUSD goto new lows.
Hope this to be true. I m stuck as seller this week at 1900-1910 zone.
Agink
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@JYSL, our first confirmation will be a weekly close below 1950, followed by a retest to that level next week. a trade above 1950 you should close your positions.
Agink
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you can also monitor it on H1, it has to form a *M* that's also a reversal pattern.