DislikedHi everyone. I am kinda new to XAU and havent really observed it much. I might blame all the volatility and spikes today due to all the news and NFP and etc but does anyone know what could be the reason behind this random spike from 23:26 to 23:33 that happened just now? I thought its going pretty smoothly in there hours now. Yes, I know the markets corrections but they usually happen with some intervals and small pullbacks. Now I was observing the 1m candles and they were literally moving like a falling iron down.Ignored
Because they should seek 5064.340 1st, is taking to long but is the expected move before new day kick in, not always does but majority of times it will...
Or it was just a reaction to ema 20 in 1h lol
Can be many things it depend of the approach.
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