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Gold in Re-Accumulation?
Gold Spot / U.S. Dollar
Education
Gold in Re-Accumulation?
By Brandon_Leu
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Oct 9, 2019
6
Cheer
Cheer
Oct 9, 2019
Gold is expected to be trading in re-accumulation instead of distribution in view of a "Spring" event.
Spring is a exhaustion of supply, indicating demand is expected to be back in control.
A breakout from the creek (resistance), we will expect Gold to trade further.
1st TP: 1,550 level (Previous high +2.618% Fibo)
2nd TP: 1,600 (Whole Number Effect + 4.236$ Fibo Level
Stop: 1,460 (Spring Low)
re-accumulation
Trend Analysis
wyckoff
wyckoffmethod
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