Below is a summary of how I see the Order Flow from the Price High in March 2022.
The sequence appears to be
Base - Drop - Base - Drop - Rally
It appears as though the Rally is a compression of Price. The Decision Point is around $1725.
I would look for Gold to make a Fresh Touch for Demand at that level.
The sequence appears to be
Base - Drop - Base - Drop - Rally
It appears as though the Rally is a compression of Price. The Decision Point is around $1725.
I would look for Gold to make a Fresh Touch for Demand at that level.
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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.