Gold analysis today (Liquidity update)
As previous, we was saw price went downward to grabbed below liquidity.
It's a spring event in small Wyckoff accumulation schematic (5m time frame).
Let's look on right chart (daily time frame):
This week, we'd to see price go upward to grab above liquidity.
Those are some areas that we're marked on the chart.
You could see detail Wyckoff analysis of XAUUSD below section.
We also could enter long positions when Price re-test Last point of Support around 1781 level.
Then we want to see how the price reacts at above resistance levels.
1809-1810
1814-1815
1820-1822 or above
We're trading in a range.
If price reject those levels, we can try to short Gold to below supports.
And we'll only enter when there are enough confirmations.
If you find the article useful or interesting,
Let's comment below !
------------------------------------------
Notes on using this gold trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
As previous, we was saw price went downward to grabbed below liquidity.
It's a spring event in small Wyckoff accumulation schematic (5m time frame).
Let's look on right chart (daily time frame):
This week, we'd to see price go upward to grab above liquidity.
Those are some areas that we're marked on the chart.
You could see detail Wyckoff analysis of XAUUSD below section.
We also could enter long positions when Price re-test Last point of Support around 1781 level.
Then we want to see how the price reacts at above resistance levels.
1809-1810
1814-1815
1820-1822 or above
We're trading in a range.
If price reject those levels, we can try to short Gold to below supports.
And we'll only enter when there are enough confirmations.
If you find the article useful or interesting,
Let's comment below !
------------------------------------------
Notes on using this gold trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
1804-1805
1809-1810
1814-1815
1820-1822 or above