Long Term Outlook On Gold - Smart Money
Here is a long term outlook on the price of gold based on smart money concepts.
We have a Wyckoff distribution schematic forming on the 1hr charts (visible on 2hr and 4hr as well) where as you can see the upthrust after distribution has tapped into a demand zone, mitigating previous orders from smart money, and likely fulfilling some type of markup campaign.
It is obvious that the equal lows around 1680 area hold a large amount of liquidity, and should be marked as the long term targets, perhaps even lower given the talk going on in our current economy.
This should be used as a study guide for how and when to trade with smart money and Wyckoff schematics, and not used as financial advice.
Here are a few more pictures that are hard to include all in the published frame:
Liquidity & Demand Zones
Labeling:
DISCLAIMER
THIS IS NOT FINANCIAL OR INVESTMENT ADVICE AND SHOULD NOT BE INTERPRETED AS SUCH.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
We have a Wyckoff distribution schematic forming on the 1hr charts (visible on 2hr and 4hr as well) where as you can see the upthrust after distribution has tapped into a demand zone, mitigating previous orders from smart money, and likely fulfilling some type of markup campaign.
It is obvious that the equal lows around 1680 area hold a large amount of liquidity, and should be marked as the long term targets, perhaps even lower given the talk going on in our current economy.
This should be used as a study guide for how and when to trade with smart money and Wyckoff schematics, and not used as financial advice.
Here are a few more pictures that are hard to include all in the published frame:
Liquidity & Demand Zones
Labeling:
DISCLAIMER
THIS IS NOT FINANCIAL OR INVESTMENT ADVICE AND SHOULD NOT BE INTERPRETED AS SUCH.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Image:
DISCLAIMER
THIS IS NOT FINANCIAL OR INVESTMENT ADVICE AND SHOULD NOT BE INTERPRETED AS SUCH.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.