OANDA:XAUUSD
Hi , Trader's .. Gold from last week went up because of SVB New's
Since last week Gold is going up in straight line , And retracement is overdue now
Extreme overbought price and after profit booking of Whales
Market minimum 38.2 % retracement is due
1946 is point to be notice
Apparently someone wants BTC price at this level.
This is tottally uncommon situation. Some F2pool dump on BTC just made price do the opposite that we predicted.
Now, we are in the yesterdays price again.
Hopefully whoever is keeping this price level, will stop very soon, and we can see some normal behaviour.
Expectation:
Stop Loss Hunt towards the Major Support Level Trapping Retail Speculators.
Approaches Demand Level Below then convert Sell Orders to Buy Orders
Most likely to manipulate the range lows at the start of London session and swiftly move away
Beware of Demand Zone highlighted red above as this could provide some resistance and prevent the market...