Idea for Gold next week

141
We are definitely gonna reach for that BSL this year and make new all time highs.

I am thinking we touch the retail resistance level this month then come down again in May to a demand zone for the given Dealing Range.

This is to make retail think that it is real resistance to build more BSL at that level.

I suppose that the wave 5, sub-wave3 will purge retail resistance, then make a new high to complete wave 5.

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.