GOLD - Potential Bull Reversals and Continuation To Supply Zones
GOLD - Potential Bull Reversals and Continuation To Supply Zones
What? Where? When? Why?
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What? = GOLD
Where? .. I predict that Gold is Bullish to $1800 for a Golden Price!! with potential to even reach as high as $1808 .. but first needing the break the previous supply regions of $1776-78, $1785-86, $1794 -96.
When? .. I predict it will happen either in the NY session .. or within 2 days.
Why? ... Gold has locked in a PFL - Peak Formation Low yesterday (Wednesday) which was the dive into the $1768 - 63 H1 Demand Zone. Institutions distributed orders to Supply regions from yesterdays NY session into Asian session locking in a current days high of $1790. Price has drop since then to in a Bullish Flag Accumulation Pattern to the M15 Demand Zone of $1770 -72... Setting current days Low. From here I predict price to rise .. invalidating the short term Head N Shoulders pattern and breaking out of the multi week long accumulation region are in between $1762 - 97 (Approx. 350 Pip Range.)
What? Where? When? Why?
******************************************************
What? = GOLD
Where? .. I predict that Gold is Bullish to $1800 for a Golden Price!! with potential to even reach as high as $1808 .. but first needing the break the previous supply regions of $1776-78, $1785-86, $1794 -96.
When? .. I predict it will happen either in the NY session .. or within 2 days.
Why? ... Gold has locked in a PFL - Peak Formation Low yesterday (Wednesday) which was the dive into the $1768 - 63 H1 Demand Zone. Institutions distributed orders to Supply regions from yesterdays NY session into Asian session locking in a current days high of $1790. Price has drop since then to in a Bullish Flag Accumulation Pattern to the M15 Demand Zone of $1770 -72... Setting current days Low. From here I predict price to rise .. invalidating the short term Head N Shoulders pattern and breaking out of the multi week long accumulation region are in between $1762 - 97 (Approx. 350 Pip Range.)
- Raihaan Darr