sniper entry and tp got smashed. gonna update this weekend for the next week
Refer to old gold markup for more information. Price moving on sigh of demand strength and showing absorption of supply on the lows.
loookinf for a second entry in the green rectangle zone for a retest of the SOS
Gonna analize how supply reacts at the downward part of the channel. lets see if supply keep decreasing
expecting a test lower at the green zone. price showed absorption of supply on the last lows but the decrease of demand
full description to come in the hour. but gonna leave that here for now so you guys keep an eye on it
go see my last posted idea
Here my analysis of gold on the long term and short term. Feel free to leave your opinions or like it if this helped you any ways. On the long term I expect gold to go back to 1800. Price has been swimming in the overbought zone of the RSI since March. Supply has been decreasing but is still heavily present which tells that its still into a decreasing process....
gonna post again in not long with deep information. but gonna leave it there for now so yall can keeps an eye on it
Supply decreeasing when approaching lvl Absorption of supply three last time price touched the 1895 level We can see supply volume that has been decrease and demand staying stable. Still ready for any more downside since demand is not showing power yet On the 4 hours can see that price showed a lot of effort to go downside with failure to do so for after retesting...
Even if the RSI is telling us that it is overbought the volume is telling that i wants to go up. Momemtum in harmony with price movement on all timeframe & absorption of supply on the bounces are happening. I am targeting next the 14 k zone
diminishing supply and some absorption present a the support. On the 1 hour we can see a change of hand hapening but still some good presence of supply so thats why the tigh stoploss
still waiting how supply and demand will react when at the entry zone. Cause demand is still overweighting overall. stay cautious. will kill updating on it