Will Gold test 1774-1775 levels? XAUUSD Wyckoff Analysis
Updated
Did you have plan for GOLD ?
Here's Wyckoff analysis for Gold today.
Gold had reached to our P&F max target and the price may recover slightly.
XAUUSD analysis based on Wyckoff method and Price action
These are the levels of XAUUSD that we need to pay attention to.
We'd like to see price re-test above levels (1804-1805) then test the Imbalance zone and Last Point of Support.
(of course, if price breaks 1805, it will approach above resistance).
Let's wait and see how the price reacts at these levels.
And we'll only enter when there is enough confirmation.
e.g. a reversal structure or a Wyckoff accumulation range on a small timeframe.
If you find the article useful or interesting,
Let's comment below !
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Notes on using this XAUUSD analysis
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
Here's Wyckoff analysis for Gold today.
Gold had reached to our P&F max target and the price may recover slightly.
XAUUSD analysis based on Wyckoff method and Price action
These are the levels of XAUUSD that we need to pay attention to.
We'd like to see price re-test above levels (1804-1805) then test the Imbalance zone and Last Point of Support.
(of course, if price breaks 1805, it will approach above resistance).
Let's wait and see how the price reacts at these levels.
And we'll only enter when there is enough confirmation.
e.g. a reversal structure or a Wyckoff accumulation range on a small timeframe.
If you find the article useful or interesting,
Let's comment below !
------------------------------------------
Notes on using this XAUUSD analysis
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
Note
anyway, we'll wait for good entry (short positions)the long position was moved SL to BE
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