Wyckoffan

Gold has been invited to the Cryptocurrency party, new ATH soon

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold market is now testing the previous VAH from the latest distribution schematic (red background).

Looking the Weis Waves, we can see a clear demand domination that is followed by Higher Highs and Lower Highs (Sign Of Strength).

Is going to break the ATH? For sure, it is just a matter of time.

Cheers.
Trade active: Consecutive Lower High that suggest uptrend continues:


We would like to see now a demand strong presence as SOS above the previous ATH. Short term target would be the upper line of the trending range.
Comment: TA Update overview:


TA Update detailed:

Comments

Sweet xau kk
+1 Reply
Got a feeling gold is going to hit the deck, just my opinion tho
+1 Reply