Price has pushed up as expected back into the $3,400 zone, where we had a lot of pending liquidity that needed to be wiped out. Now that liquidity is collected I am patiently waiting for some form of 'distribution price action' to play out, before I consider selling. Until then I'm sitting on the sideline.
If Gold takes out Wave 2 high ($3,451) then bearish structure is invalidated & we can start looking at buy trades.
If Gold takes out Wave 2 high ($3,451) then bearish structure is invalidated & we can start looking at buy trades.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.