Is gold accumulating? Gold analysis by Wyckoff method
Updated
Gold analysis by Wyckoff method
IDEA 1: Gold ( XAUUSD ) is accumulating in the 15-minute timeframe.
Yesterday, gold has shake-out out of the Trade Range and then back again.
This is the way market maker sweep Stop-loss of retail traders.
I was entered a buy order at the Test position of ST (1780).
After creating the mSOS , the price also had a successful Test span at 1782.5.
Currently, gold is preparing to retest the upper Trade Range to confirm the Accumulation structure according to Wyckoff.
Observe the price reaction at 1785 and wait for the structure to confirm buy here.
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ATTENTION:
We are not trying to predict price, but just react to price action with specific trading plans.
This is my personal idea and analysis, please just take it as an example.
You need a judgment and a trading plan to manage risks when trading Forex.
IDEA 1: Gold ( XAUUSD ) is accumulating in the 15-minute timeframe.
Yesterday, gold has shake-out out of the Trade Range and then back again.
This is the way market maker sweep Stop-loss of retail traders.
I was entered a buy order at the Test position of ST (1780).
After creating the mSOS , the price also had a successful Test span at 1782.5.
Currently, gold is preparing to retest the upper Trade Range to confirm the Accumulation structure according to Wyckoff.
Observe the price reaction at 1785 and wait for the structure to confirm buy here.
------------------------------------------
ATTENTION:
We are not trying to predict price, but just react to price action with specific trading plans.
This is my personal idea and analysis, please just take it as an example.
You need a judgment and a trading plan to manage risks when trading Forex.
Note
Today is bank holiday in US !Note
Price couldn't made a new HH Now, we will see the price reaction, when it tests the lower zone
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