Gold 15/12/2020
Gold is currently in a range between 1830 and 1850
* Judging from previous price action there was a liquidity grab on the 11th of December prior to NY session
* Orders are accumulating for a breakout to the upside where MM can come in and push back the price as they usually do
* Playing field for MM are very nice usually during ranges expect gold to do what it always does.
What to look for next week
*Price building up and forming strong support around 1836-37
* A strong move away from the support area and also a retracement to this area if it dips below then no problem as long as the candle closes above
* Entry around that area and stop loss below 1833
* Judging from previous price action there was a liquidity grab on the 11th of December prior to NY session
* Orders are accumulating for a breakout to the upside where MM can come in and push back the price as they usually do
* Playing field for MM are very nice usually during ranges expect gold to do what it always does.
What to look for next week
*Price building up and forming strong support around 1836-37
* A strong move away from the support area and also a retracement to this area if it dips below then no problem as long as the candle closes above
* Entry around that area and stop loss below 1833
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.