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pjguy

Gold Update TF Daily.

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
pjguy  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns Trend Analysis LSP Gold
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chartpattern trendanalysis lsp gold
The analysis based on SnD and Left Shoulder Pain methodology. Gold currently is in PreCompresion "PCP" in Daily TF. Also there is a Compression build-up up to now. So there would be 2 possibility
- If Demand continue to exceed Supply, the price will shoot up to a Supply area before PCP structure formed earlier.
- otherwise, the price will crash down to a lower Demand area before recover again.
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