Global gold analysis update:
As I expected, gold fell below 1680 dollars and hit the first goal of the analysis, but in the following:
By pulling below 1680, all liquidity on the selling side was collected and the market maker hit the buyers and convinced the sellers to drop more, but the story is not that simple.
At the moment, it seems more logical if we think that the market maker will make a significant upward movement towards areas 1 or 2 in order to collect liquidity on the buy side and convince the amateurs that a fake break has occurred and enter into buying trades again. but it is not like this, then it will make a drop from area 1 or 2 to areas 3 and 4.
The next drop target after the upward move will be the $1,450 area and the final drop target will be the $1,300 range.
be profitable.
NFA.
GOOD LUCK
As I expected, gold fell below 1680 dollars and hit the first goal of the analysis, but in the following:
By pulling below 1680, all liquidity on the selling side was collected and the market maker hit the buyers and convinced the sellers to drop more, but the story is not that simple.
At the moment, it seems more logical if we think that the market maker will make a significant upward movement towards areas 1 or 2 in order to collect liquidity on the buy side and convince the amateurs that a fake break has occurred and enter into buying trades again. but it is not like this, then it will make a drop from area 1 or 2 to areas 3 and 4.
The next drop target after the upward move will be the $1,450 area and the final drop target will be the $1,300 range.
be profitable.
NFA.
GOOD LUCK