This is a clear market liquidity sweep market build up
After gold approached its ATH at 5580, we saw a market turnaround sending us below 5000, now the market ranges above 4480's.
While some believe this bearish stance is as a result of US dollar gaining strength, technical analysis portrays that (this is due to gold trying to reyest its ATH and this has made the market exoerience a rebound (liquidity sweep)along with a continued bulllish rally
- Also, the RSI says gold is in the oversold margin
After gold approached its ATH at 5580, we saw a market turnaround sending us below 5000, now the market ranges above 4480's.
While some believe this bearish stance is as a result of US dollar gaining strength, technical analysis portrays that (this is due to gold trying to reyest its ATH and this has made the market exoerience a rebound (liquidity sweep)along with a continued bulllish rally
- Also, the RSI says gold is in the oversold margin
Trade active
Week opens with more sell just as the analysis shown 
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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.