Weekly out look on GOLD
We recently validated and confirmed a bullish MB(x1). Overall we're bullish, on a bearish retracement to around 50% of the validated area(gray box to the left), which happens to line up perfectly where big money had their last major sell into buy that also lead to break new highs.
I believe that a distribution schematic 2 has just been confirmed with the break of the SOW(B) and creation of the real SOW.
With the overall bullish bias Im excepting the distribution to play into a bigger accumulation to continue the run higher
I believe that a distribution schematic 2 has just been confirmed with the break of the SOW(B) and creation of the real SOW.
With the overall bullish bias Im excepting the distribution to play into a bigger accumulation to continue the run higher
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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.