darth.stocks
Long

Textbook example for a Wykoff Accumulation. long XUAUSD

FX:XAUUSD   Gold/U.S. Dollar
133 0 3
We are back in the Aug-Oct 2015 uptrend channel. P&F charts suggest a 250-280 point correvtion from 1040 minimum, so 1290-1320 should be the target before we see a major downside move again. CHECK for COT net short % of the commercials compared to overall open interests. an increase to 410000 with a higher net short positioning increases the correction probability. With i.o.'s above 450000 and net short of commercials :SELL
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