On the daily we're seeing buyers trying to maintain there position knowing fully well there wasn't sign of big players in the current reversal trend on the daily however on the
DXY there was a massive push of price getting closer to the daily demand knowing fully well sellers are in control.
So my take on this on gold is if demand are able to maintain their position technically price will remain bullish nonetheless if failed then we'll be expecting big players seeing this as an opportunity to push price to the next demand.
Note: Sellers are gaining ground can they beat demand in the upcoming week?
So my take on this on gold is if demand are able to maintain their position technically price will remain bullish nonetheless if failed then we'll be expecting big players seeing this as an opportunity to push price to the next demand.
Note: Sellers are gaining ground can they beat demand in the upcoming week?
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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.