Hello,
This gold trade is one I am most excited about right now due to the potential returns. Gold has been building an accumulation schematic since November 2021 and looks ready to break out now. Price pushed down into the liquidity on 29th March and is now making a big push to the top of the range. I am waiting to see if price doesn't break the $1965 mark and instead makes a final push down (spring) to take out the liquidity below the low of 29th March. I would expect the spring to come down and touch the top of our daily trending range, around the $1877 mark and that is when I will go long on this. If this Wyckoff schematic is confirmed then the first and only (new ATH so resistance is hard to find) price target is +$190 with much higher returns expected. I will update this trade as it progresses.
This gold trade is one I am most excited about right now due to the potential returns. Gold has been building an accumulation schematic since November 2021 and looks ready to break out now. Price pushed down into the liquidity on 29th March and is now making a big push to the top of the range. I am waiting to see if price doesn't break the $1965 mark and instead makes a final push down (spring) to take out the liquidity below the low of 29th March. I would expect the spring to come down and touch the top of our daily trending range, around the $1877 mark and that is when I will go long on this. If this Wyckoff schematic is confirmed then the first and only (new ATH so resistance is hard to find) price target is +$190 with much higher returns expected. I will update this trade as it progresses.
