Low Volatility as XAUUSD Holds Inside Consolidation
Market Overview
Monday printed an inside bar after the U.S. Presidents’ Day holiday, leading to low volatility. Price remains between 2940 IT-HH and 2860 ST-HL, with a failure swing below Friday’s low at 2880 but no decisive break. 4H chart confirms continued consolidation, keeping price within the range.
Key Observations
Inside bar formation – no breakout, signaling indecision. Range-bound price action – price holds between 2940 and 2860, confirming consolidation.
Our Next Steps
Remain flat until a clear setup develops. Monitor range extremes for trade setups Longs: Below 2860, if price confirms. Shorts: Above 2950, if structure aligns. Avoid overtrading – patience is key until a strong directional move prints.
Reflection Prompt How does recognizing when to stay out of the market improve discipline and long-term trading performance?