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raven95
Jun 27, 2022 10:00 PM

Wyckoff analysis - Gold Approaches long term support Long

GOLD (US$/OZ)TVC

Description

Gold is retesting long term support line, possible spring coming up with a change from accumulation phase to markup phase.
Comments
samirtamir18
No spring yet
raven95
@samirtamir18, yes the spring points are the shakeout of the weak hands. They depend on the pain that the big players can inflict by shorting and manipulating the market to acquire at lower prices
rlindatrading
how sure??
raven95
@danielonekhana, 75% sure, the second touch of the support line has a higher probability of a spring
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