Gold in accumulation and our task is to see the main player. The best option is to wait for the impulse and open a trade on a rollback to the unbalance point.
Average accumulation value is ~1423
Zones for stop orders is 1435 and 1410
We see a break in the trend movement in the initial cycle. This is the first reason to check demand. The second reason is the positional area of 63-61. In this area, we see weak downward movement and large shadows on the bars.
I will buy above 63 with targets up to 64.5-65.
If the triangle breaks below 1400, expect a decline to 1350-1320.
1350-1320 is a zone of high demand, where you need to look for buy orders (market or limit).
Risk below the demand zone.
Next positional area at the bend of the previous trend (1300-1270).
Short orders only on the false breakdown of a triangle.
Everyone wants to sell, and I want to buy.
The situation on the futures market is positive:
Contango. Demand on the next contract
Fading of the movement is possible in area 5000. Please be careful!
It is possible to open a medium-term short sell from area 6100-6700 in case of growth continuation. Values of the price 5400-5700 - a zone for short-term sales.
I consider long...