rammale91

Near Term outlook for Gold based on market structure

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
This is my near term (weekly outlook for gold). I'm expecting some retracement at 1760-1765 level and then my final target is at 1721-1734 order block. If gold break with a strong impulsive move the lower highs then this is a form of a wyckoff's accumulation schema in my opinion and i will change my bias to bullish
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.