Gold Short Term Bearish
Long term I see Gold pushing past the 2k mark again. Over these past few months since the drop from 2k Market has been accumulating on a larger scale/range/higher timeframes and if you are looking from the market from the perspective of supply and demand/liquidity you can take note that gold has just been by passing the pockets of money areas [these are equal lows/support area] without violating the lows. I can see gold snatching the liquidity from the higher resistance levels to generate enough energy to drop lower to then grab the liquidity underneath all those lows to then reverse and surpass 2k to move on to 2500 -3k
Related publications
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.