Gold Update
Gold make another bullish move after 4H fakeout at VWAP level. There are WYKOFF theory in price distributions and can be analys by price reactions. The theory said, price will make a distribution channel and can create a spring move which breaks the previous high.
Price suppose to make a pullback with 3 waves and I also trapped by this movement. Failed to do so, price pushed back to the channel and creates a bull spikes.
As a theory, price may continue push higher as fundamentals sentimen, geological and escalating war in middle east.
Swing sell migh not happen at any time, and gold rush on higher price by DAILY engulf candles is tempted.
Price suppose to make a pullback with 3 waves and I also trapped by this movement. Failed to do so, price pushed back to the channel and creates a bull spikes.
As a theory, price may continue push higher as fundamentals sentimen, geological and escalating war in middle east.
Swing sell migh not happen at any time, and gold rush on higher price by DAILY engulf candles is tempted.
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