- Gold strength in synch with Dollar-weakness
- 2022 distribution-pattern seems completed
- M (double top) follwed by 3 impulses lower done
- Q4-22 started with W-pattern follwed by first impulse up
- Rotation higher is in line with seasonal expectations (strength in NOV/DEC/JAN/FEB)
- COT: Institutions are accumulating longs while distributiing shorts, this is double bullish
- COT: Buy-side liquidity resting above 1880
- Weekly (fresh) supply-zone at 1943, direct below it is a Daily imbalance
- 2022 distribution-pattern seems completed
- M (double top) follwed by 3 impulses lower done
- Q4-22 started with W-pattern follwed by first impulse up
- Rotation higher is in line with seasonal expectations (strength in NOV/DEC/JAN/FEB)
- COT: Institutions are accumulating longs while distributiing shorts, this is double bullish
- COT: Buy-side liquidity resting above 1880
- Weekly (fresh) supply-zone at 1943, direct below it is a Daily imbalance
Trade closed: target reached
1880 hitTrade closed: target reached
- GOLD hit weekly supply-zone and dropped like a ton of bricks.- Dollar retrace after FOMC was the driver.
- Let Dollar meet upside targets before considering next upside for GOLD.
Sultan of Swing
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Sultan of Swing
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.