Hi Traders,
See above an idea based off Wyckoffs re-distribution that could take place.
We have had a somewhat spring with a possible test happening now signaling that gold should become bullish after a "test" which is where my order is placed.
We should then not break below the low of the spring which would invalidate my schematic.
1825-1830 could be a possible UTAD which would be the turning point for a big short opportunity.
If this plays out it will be more than a 1:20 RRR.
Trade with caution.
See above an idea based off Wyckoffs re-distribution that could take place.
We have had a somewhat spring with a possible test happening now signaling that gold should become bullish after a "test" which is where my order is placed.
We should then not break below the low of the spring which would invalidate my schematic.
1825-1830 could be a possible UTAD which would be the turning point for a big short opportunity.
If this plays out it will be more than a 1:20 RRR.
Trade with caution.