Based on Volume Spread Analysis, in XAUUSD pair,
point 1 is "Supply in coming in the Market as volume is increasing in down bar and this can be a climatic action.
Point 2 is "No Demand" where an up bar is with volume lower than last two bars.
Point 3 is Upthrust bar.
Point 5 is also "No Demand" bar.
We could expect more weakness in this pair in coming days.
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t.me/vsaanalytics
point 1 is "Supply in coming in the Market as volume is increasing in down bar and this can be a climatic action.
Point 2 is "No Demand" where an up bar is with volume lower than last two bars.
Point 3 is Upthrust bar.
Point 5 is also "No Demand" bar.
We could expect more weakness in this pair in coming days.
Follow us for more VSA analysis:
t.me/vsaanalytics
Note
Moving in short Direction as predicted
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.