I am seeing a potential buy at around 1914.43 . As we can see gold is in accumulation phase and accumulations are hints of bigger moves to be done by the banks. Most retail traders may be stopped out so i would not enter the market now. I would probabaly wait for a breakout and retest in order to enter. Also gold broke its flag pateern on the daily timeframe and a retest to this has confirmed a long buy as gold will hit previous ighs or even newer highs. Lets see
I am seeing a potential buy at around 1914.43 . As we can see gold is in accumulation phase and accumulations are hints of bigger moves to be done by the banks. Most retail traders may be stopped out so i would not enter the market now. I would probabaly wait for a breakout and retest in order to enter. Also gold broke its flag pateern on the daily timeframe and a retest to this has confirmed a long buy as gold will hit previous ighs or even newer highs. Lets see