Brandon_evo4

GOLD SELLERS May be getting Over-Confident

Long
OANDA:XAUUSD   Or / Dollar Américain
UPDATE - in this current area (purple circle) it appears that price is sticking around for some time

My question to you is - who do you think will increasingly become interested at this area (purple circle)

In my opinion it is buyers

Meaning their stop losses might be below the zone (purple line)

BUT

That is not all - Who would be interested in price breaking below that zone because the market has been bearish for the past few days?

I think sellers because remember I told you in my analysis a few days ago - the dealer has to give sellers a win because he doesn't want them to become smart and stop going against the direction (counter trend)

Who do you think is all riled up right now? SELLERS

Don't believe me? go in the Gold live trading chat on tradingview and read what everyone is saying

Sellers are interested in the break out

if the dealer creates that breakout sellers will sell

The question is - will he continue to sell?

My advice is to continue to wait for CPI to occur and let's see what is what from thereUPDATE - in this current area (purple circle) it appears that price is sticking around for some time

My question to you is - who do you think will increasingly become interested at this area (purple circle)

In my opinion it is buyers

Meaning their stop losses might be below the zone (purple line)

BUT

That is not all - Who would be interested in price breaking below that zone because the market has been bearish for the past few days?

I think sellers because remember I told you in my analysis a few days ago - the dealer has to give sellers a win because he doesn't want them to become smart and stop going against the direction (counter trend)

Who do you think is all riled up right now? SELLERS

Don't believe me? go in the Gold live trading chat on tradingview and read what everyone is saying

Sellers are interested in the break out

if the dealer creates that breakout sellers will sell

The question is - will he continue to sell?

My advice is to continue to wait for CPI to occur and let's see what is what from there

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