Gold be looking really interesting. But is kinda looking tricky right now according where it is right now, which is two major important level. The rally of the SOW on the bigger picture is in effect. And its important to be careful cause price could either go up to 1975 zone, or go down to 1962. I expect a move to downside for a couple of reasons. As price failed...
supply volume heavy in harmony with price velocity & decrease of demand on the retracement. bearish as hell. but be ready to get out at any time before the price start moving up again. Look for a stop in action and change of character for it
still gonna look to take profit around 26600 or close half my positon. but if i see that supply volume be in harmony with the velocity of the price i will keep it long term and tp lower around the 25 000 if i see a major break of 26 000
if we consider the supply overweighting in the overall trend and the retracement peak of the LL my bias is bearish. ready for any sudden move of the price to back test the 1910 zone. break of the 1898 are on a sow will confirm that supply is truly remaining in power
to alllll the people that came into my messages saying i was wrong, super happy i never listen to anybody. tips; u can take other opinion, but always trust how you see the market. YOU. especially if u have a deep real understanding of supply and demand. raped gold again. follow me for some dope setup
supply is overweighting and we got a SOW , so waiting for a retest
a stop of downtrend happened with a decrease of supply. But demand is still not strong enough to push the price upward. would look for an entry into the 1.31100 zone with a tight stoploss
price bouncing on our level which is a bull sign. + supply having a difficulties over weighting . Gonna add more position if i see a break of 1895 on a SOS. Other info about it into other last publised idea. Thinking about trying to explain it into a video that i could share on here, if i am right of course. Or if im wrong too. if some of yall ninja mystical...
supply showing major signs of exhaustion and is oversold. Remain carefull if it decide to start on going down again but for now we be having a stop in action and a change of character . TP should not be a decided take profit in advance, i gave one as an idea but always be ready to get out
tested our level and showed wicking at the retest after SOS. more updates on other pairs to come.
Into a consolidation bulding a cause if it is. On the long term a see a move up to 1942 zone. Overall the price is still extremely bullish , which means the market can start reversing as a ST earlier than the given green zone. If you are not comfortable reading how volume tell you to get out, I suggest that you would wait to trade with the trend. Follow up of that...
HH less erratic and losing power + price failed to close upside our 1912 zone two time and a the third time it could not hold. Showing evident decrease on demand on that zone and supply overweighting gonna post a more deep explanation of that setup and how i see the reaccumulation tonight. stay tuned
Monthly; market is doing HH and price went back to retest our 10 k zone which showed sign of absorption. And demand is overweighting when we look at the volume. A break of 10 900 on a SOS would be good to tell us price is ready in fact to move higher and aim at 12k
LEARNING PURPOSE. look at the orange zone at the bottom, this is a pure exemple of when demand is in power. and how price and effort reacts in harmony still fully bullish on gold unless it show a stop in action and change of character