Gold - Wyckoff Distribution
Updated
Idea for Gold (XAUUSD):
- This is a Wyckoff Distribution Forecast of Gold.
Wyckoff Definitions:
BC - Buying Climax
SOW - Sign of Weakness
UT - Upthrust
LPSY - Last Point Of Supply
Wyckoff Phases:
Phase A - Stopping of prior uptrend
Phase B - Building a cause for preparation for a new downtrend
Phase C - Test of remaining demand
Phase D - Supply showing dominance
Phase E - Unfolding of the downtrend
GLHF
- DPT
- This is a Wyckoff Distribution Forecast of Gold.
Wyckoff Definitions:
BC - Buying Climax
SOW - Sign of Weakness
UT - Upthrust
LPSY - Last Point Of Supply
Wyckoff Phases:
Phase A - Stopping of prior uptrend
Phase B - Building a cause for preparation for a new downtrend
Phase C - Test of remaining demand
Phase D - Supply showing dominance
Phase E - Unfolding of the downtrend
GLHF
- DPT
Trade active
Speculation:- Governments will be dumping their paper gold on speculative frontrunners of Basel III at peak inflation until it reaches a suitable price for re-accumulation.
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