Gold 15/12/2020
Gold is currently in a range between 1830 and 1850
* Judging from previous price action there was a liquidity grab on the 11th of December prior to NY session
* Orders are accumulating for a breakout to the upside where MM can come in and push back the price as they usually do
* Playing field for MM are very nice usually during ranges expect gold to do what it always does.
What to look for next week
*Price building up and forming strong support around 1836-37
* A strong move away from the support area and also a retracement to this area if it dips below then no problem as long as the candle closes above
* Entry around that area and stop loss below 1833
* Judging from previous price action there was a liquidity grab on the 11th of December prior to NY session
* Orders are accumulating for a breakout to the upside where MM can come in and push back the price as they usually do
* Playing field for MM are very nice usually during ranges expect gold to do what it always does.
What to look for next week
*Price building up and forming strong support around 1836-37
* A strong move away from the support area and also a retracement to this area if it dips below then no problem as long as the candle closes above
* Entry around that area and stop loss below 1833
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