XAUUSD Long term outlook
Gold doesn't look too pretty but it almost looks like institutions are building positions.
If bulls take 1975 expect a rally to 1985 » 2000 » 2048.
If bears take 1950 expect a drop to 1934 > 1920 » 1900 » 1811.
Zoom out: Long term outlook. Observe the channels. Look at the daily TF. Do you see what I see. Are the institutions build buying positions?
Zoom in and focus on current PA. I hope the trendlines help you connect the dots.
If bulls take 1975 expect a rally to 1985 » 2000 » 2048.
If bears take 1950 expect a drop to 1934 > 1920 » 1900 » 1811.
Zoom out: Long term outlook. Observe the channels. Look at the daily TF. Do you see what I see. Are the institutions build buying positions?
Zoom in and focus on current PA. I hope the trendlines help you connect the dots.
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