AU:
The M30 volume analysis on this one shows the tallest volume bar is for a candle coming down off the midday highs, hence shorting. Since then, the US BBs moved the price back up, and a little higher to just above the half number. The low volume up there indicates too many short orders waiting to be executed created a ceiling. And below the ceiling, shorters were not able to do a lot of business since not many buyers exist there to take the other side of the orders.
Currently, the price is moving back down. And all this is a bearish picture. It looks like the BBs have kept AU up, while taking opportunities to build short positions. The NFP tomorrow could be the event that opens the trap door.
And this too, is speculative.
The M30 volume analysis on this one shows the tallest volume bar is for a candle coming down off the midday highs, hence shorting. Since then, the US BBs moved the price back up, and a little higher to just above the half number. The low volume up there indicates too many short orders waiting to be executed created a ceiling. And below the ceiling, shorters were not able to do a lot of business since not many buyers exist there to take the other side of the orders.
Currently, the price is moving back down. And all this is a bearish picture. It looks like the BBs have kept AU up, while taking opportunities to build short positions. The NFP tomorrow could be the event that opens the trap door.
And this too, is speculative.