first off, we acknowledge the price action of gold is not due to the underlying commodity itself, but rather the exchange rate basket average of XAU/___ pairs.
last few months we witnessed the price accumulating at supply zones and making sharp stop hunts and distribution over demand zones.
judging from the current historical trend distribution, and acknowledging a significant bearish sentiment over the marketplace, I see a beautiful squeeze to the upside.
I see myself long over multiple entries until the next weekend.
last few months we witnessed the price accumulating at supply zones and making sharp stop hunts and distribution over demand zones.
judging from the current historical trend distribution, and acknowledging a significant bearish sentiment over the marketplace, I see a beautiful squeeze to the upside.
I see myself long over multiple entries until the next weekend.
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