Gold (XAUUSD): 1900 Inevitable
Other traders seem to think that price will become bearish on Gold, I disagree.
This daily trendline is being respected but more touches of it only makes it weaker in my eyes.
I think the push down from the trend line was nothing more than a liquidity grab for breakout buyers.
Now that we have collected liquidity, we can proceed to the next key level at 1900.
I would like to join the buyers ONLY if we see a retracement to fill the imbalance marked.
Let me know your view on this in the comments below.
This daily trendline is being respected but more touches of it only makes it weaker in my eyes.
I think the push down from the trend line was nothing more than a liquidity grab for breakout buyers.
Now that we have collected liquidity, we can proceed to the next key level at 1900.
I would like to join the buyers ONLY if we see a retracement to fill the imbalance marked.
Let me know your view on this in the comments below.
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.