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...
I am long in this current level.
Couple of things to note here
- Zooming out into Monthly chart, price is currently sitting at monthly range which i have outlined with the white lines
- On the Weekly, price currently sits in the middle of an OB which i have not specified due to it coinciding with the lows of the month range
- And on the daily which i look for...
