XAUUSD on the daily chart has been in a trend down from $2179 since early May when its
candle wicks also reached into the zone between the lines two standard deviations above
two different anchored VWAPs set at the early and late February high and low pivots.
In the past week, Spot Gold pivoted above the support of the aVWAP lines one standard
deviation...
On the monthly chart over the past 12-15 years, XAUUSD appears to have printed a cup and
handle pattern now with the price above the trigger for bullish continuation. Trading volumes
have persistently increased over the years but especially since COVID. Perhaps central banks
are gradually accumulating and hedging the challenges to fiat currency. Since the cup...
