Behavioural intelligence from Victory Markets
Last Week’s Trading Behaviour
Trading behaviour throughout the week reflected the volatility dominating current price action. Retail traders generally traded the broad $4,000–$4,100 range effectively, and in greater volume than earlier in July. Performance was less consistent when geopolitical headlines triggered sharper intraday moves, reinforcing the importance of conservative risk management.
Key Macro Catalyst This Week
While geopolitical headlines will dictate price action early in the week, all eyes will be on US Nonfarm Payrolls on Friday, 7 August, at 08:30 ET (12:30 GMT). XAU has been extremely volatile around this release recently, and large moves can be expected.
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Victory Markets analyses aggregated trading behaviour to identify changes in positioning, risk appetite and crowd concentration. This report is provided for market research purposes and does not constitute investment advic
