XAUUSD MoveMent 20200810-14

I have a sneaky suspicion this will be how we will move this week.

I am a little bias as I *do* want it to go up-n-up (green channel) but yes I suspect we may range sideways for a few days with some fresh data to feed this idea by COB mid week.

If we hold for a dozen 15M candles between 2000-2010 (yellow channel) then chances are this will tank hard where 1970-1980 (red channel) will be the next area to watch whether it'll continue to plummet or bounce, won't know till more data is available though.

Your thoughts?
#ClubeXo

Comment:

FYI, I've extended the bars between the 14th just incase things get condensed down into one week, so those white bars are not *exact* but ballpark.

#NotTradingAdvice

Comment:

So looks like the first testing of the green channel came earlier!

Perhaps the candles beyond the 14th might condense down into this week.

#ClubeXo