Gold - a Wyckoff Distribution in the Making
Updated
An explanation on chart of the various phases to this Wyckoff Distribution.
For the coming week it is likely we will see the final Phase D of this pattern evolve with
a small range consolidation of the Last Point of Supply (LPSY).
From there, a confirmed break and retest of the consolidation, before a DROP to
the Demand Zone.
For the coming week, there is a Bearish Bias on Gold.
For the coming week it is likely we will see the final Phase D of this pattern evolve with
a small range consolidation of the Last Point of Supply (LPSY).
From there, a confirmed break and retest of the consolidation, before a DROP to
the Demand Zone.
For the coming week, there is a Bearish Bias on Gold.
Note
Getting there, 2360 is still the target.
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.