Disregarding the current state of the world economy (BRICS countries selling US Bonds, loading up on Gold) From a PA standpoint, we have some more upside to Gold.
Things to note
- From the month chart, I have outlined equal highs of untouched liquidity. Marked by the large wave (Always look for equal highs to be a magnet)
- On the 4hr, price is about to retest a bullish OB indicated by the 2nd cow. From here i fully expect price to run up to the bearish OB and touch the liquidity resting above.
I expect Gold to continue upwards to the monthly equal highs and swim in those waves amongst the whales above 2072
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.