Gold is currently in accumulation after a strong downside move, which is interesting that there is no pullback that would update local daily highs.
Perhaps there is no buyer who would be able to redeem the instrument, plus, in addition, there are strong limit levels that do not let the price go in one direction or the other.
I expect a downward exit from accumulation and a further fall to the nearest support at 1725
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Perhaps there is no buyer who would be able to redeem the instrument, plus, in addition, there are strong limit levels that do not let the price go in one direction or the other.
I expect a downward exit from accumulation and a further fall to the nearest support at 1725
-------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.