my long-term sentiment of gold is ofcourse long, knowing all too well the goldstandard is never coming back. but i want to share this event driven strategy which will be in effect in under 60 mim of me publishing this trade idea.
In our current market environment XAU is directly corelated with G10 currencies directly or directionally (volume based). and therefore we are right now witnessing a situation where we have too many buyers and sellers at any given price due to the all time high market participants.
thus then in order to facilitate efficient price, XAU's base pairs must therefore make certain inevitable moves allowing all knowledgeable market participants to take advantage of this event.
so now, i can not state im fully certain of my analysis but to the best of my ability, i believe XAU is going to make a significant move under 55 min of the release of my post time.
its going to be fun , historically looking back at my prediction.
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