XAUUSD Analysis 5/10/20
XAUUSD is showing strong bullish momentum. As shown by the horizontal blue line, it has broke a peak on the volume profile in the price range where 70% of the volume has occurred. Furthermore, the MACD < 0 given us another confirmation that price will head down. My bias is short all the way here. Hope you all enjoyed the analysis and do not forget to hit the like button!
XAUUSD is showing strong bullish momentum. As shown by the horizontal blue line, it has broke a peak on the volume profile in the price range where 70% of the volume has occurred. Furthermore, the MACD < 0 given us another confirmation that price will head down. My bias is short all the way here. Hope you all enjoyed the analysis and do not forget to hit the like button!