We see two scenarios in gold, we see it now in the retracement zone, and often when it is in the retracement zone, liquidity is withdrawn. If liquidity is withdrawn upward, we wait for the selling area at 3477 and 3505, and if liquidity is withdrawn downward, we wait for the purchase zone at the price of 3195 and 3161. Note: If a political decision or a sudden political event occurs, it may change the course, or we may have another analysis or other theories.
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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.