Gold is currently in accumulation phase and likely to turn into distribution phase. Price behaviour has changed in last few days suggesting further growth in price. We need liquidity and volume boost to take the price towards 2380 that area remain 'premium price zone'.
We wish you all the success in trading and hopefully our analysis gives you a understanding of future price movement of gold.
Trade active
700+ Pips from our entry, currently price is moving nicely and it is 90% close to our target zone. We would like to advise you all to close completely or close at least 80% of your positions as we have achieved 90% percent of our target. Well done to all who took the idea, please like and comment the idea if you have taken any entry.
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.