salsapete

Gold as a Function of Order Flow

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Below is a summary of how I see the Order Flow from the Price High in March 2022.

The sequence appears to be

Base - Drop - Base - Drop - Rally

It appears as though the Rally is a compression of Price. The Decision Point is around $1725.

I would look for Gold to make a Fresh Touch for Demand at that level.

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