GOLD > Accumulation or Distribution?!
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Analysis of #GOLD #XAUUSD
Gold is challenged and not able to rally even with a weak dollar is facing competition from the return on bonds and indices.
As we can from the chart gold never closed above the high of April 13 @ 1747, some traders might consider gold has mad triple tops or even quadruple tops
On the other hand, gold remains supported above 1700 and a break below that level will lead to a swift move to 1580 and maybe 1500.
I believe gold should be higher and we are in a long trade with members inside the signal service, will see today if NFP helps or hurts our trade.
âš Please note the ideas is valid only if it happened as I said above
Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌
Check today analysis below
Stay safe everyone
_____________________________________________________________________________
Before trading our ideas make your own analysis.
_____________________________________________________________________________
Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only*
Analysis of #GOLD #XAUUSD
Gold is challenged and not able to rally even with a weak dollar is facing competition from the return on bonds and indices.
As we can from the chart gold never closed above the high of April 13 @ 1747, some traders might consider gold has mad triple tops or even quadruple tops
On the other hand, gold remains supported above 1700 and a break below that level will lead to a swift move to 1580 and maybe 1500.
I believe gold should be higher and we are in a long trade with members inside the signal service, will see today if NFP helps or hurts our trade.
âš Please note the ideas is valid only if it happened as I said above
Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌
Check today analysis below
Stay safe everyone
_____________________________________________________________________________
Before trading our ideas make your own analysis.
_____________________________________________________________________________
Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only*
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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.