OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold swept the all-time high we expected it to sweep last week and now we would look for some kind of retracement for a new opportunity to buy. Often once price sweep major Liquidity, we tend to see a retracment!

Confluences for GOLD

- Very bullish price action with minimal retracements

- Demand being respected and supply disrespected

- Asia Lows left untouched means very bullish order flow

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.