AlkalineFX

XAUUSD - Money Distribution

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Looking at the Gold chart from a liquidity & money distribution perspective, it is highly likely that we will see a push down back into the uncleared double bottom region before we return to tackle the liquidity holding above the highs.

This may take several weeks but the end goal for XAUUSD in my eyes is 2000 and above.

Please let me know your long term view on Gold in the comments below.

Comments

nice view but i gotta disagree. for me personally is see gold bottoming out possibly as early as today, where i expect the fed testimonials to play down the hype. With basel 3 coming up soon i think gold will pick up pace very soon. but well see. that double bottom is sus though
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I agree, in the long run, for political and economic reasons, gold will be more valuable and as a result we will see its price increase, but the important issue we are dealing with now is the current price movement, which has two modes, the first mode The price goes down and then the uptrend starts and the second case the price goes up from the current price. If the resistance price breaks the 1740 area, the trend will fall completely, otherwise the price may rise from the current price.
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