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CFDs on Gold (US$ / OZ)
Short
Updated

GOLD FORECAST

227
MARKET PHASE
  • GOLD is in a weekly downtrend with a daily timeframe corrective structure taking place.


AREA OF VALUE
  • We can expect a buildup of liquidity (buy stops, longs, stop losses) above the daily swing highs. On the 4H timeframe, we are already seeing selling pressure taking place above the daily swing highs.


TRADE
  • Buy-side liquidity has been taken. Wait for a violent break and close below the swing low and a subsequent pullback into the liquidity zone before going short.
Note
TREND CHANGE. Gold violently broke to the upside. Wait for a corrective structure on the daily time frame.
Mankz
Chart PatternsGoldTrend AnalysisXAUUSD

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.
Chart PatternsGoldTrend AnalysisXAUUSD
Mankz

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.