Currently the internal price structure of Gold has being bearish, in order to facilitate the pull-back of the overall swing structure which as being bullish.
But however, right now price is in a psychological buy zone which, which I'm expecting a lot of buyers to step in.
Reasons because price has tested the extreme edge of the bearish channel and which also happens to be that, price has already mitigated the discounted zone between the last swing low and high. And again price already made a failed reaction to signify the weakness of the seller.
Confirmation needed right now is to see price sweep some more downside liquidity and break the last strong highs of the internal structure to the up side.. Once price make such move, that make our Failed reaction to give us full confirmation of market shift. Then our failed reaction zone will turn to a flip zone (i.e suppy turn to demand).
So basically this how and what , i would like to see the price plays out this week .
But however, right now price is in a psychological buy zone which, which I'm expecting a lot of buyers to step in.
Reasons because price has tested the extreme edge of the bearish channel and which also happens to be that, price has already mitigated the discounted zone between the last swing low and high. And again price already made a failed reaction to signify the weakness of the seller.
Confirmation needed right now is to see price sweep some more downside liquidity and break the last strong highs of the internal structure to the up side.. Once price make such move, that make our Failed reaction to give us full confirmation of market shift. Then our failed reaction zone will turn to a flip zone (i.e suppy turn to demand).
So basically this how and what , i would like to see the price plays out this week .
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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.