DavidBelleFX

Just a quick pointer on gold.

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
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8
Looking at the volume profile , we can see a big liquidity void above 1275. It will be hard for the market to get above this due to trade not easily being able to be facilitated in these areas of low volume . This is something to bear in mind when looking at USD and Gold .

Comments

Belle strikes again!
+1 Reply
I think, its the opposite. It would move through that area like butter due to low resistance.
+1 Reply
Yes Belle
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