Bullish Flag
- AU is currently on a conflicting level , where both buyers and sellers have to make a decision , taking a closer look we notice buy side liquidity lying heavily above which will be a good draw for upward momentum.
- Currently in the 15min we have a bullish flag currently forming which will align with the demand zone spotted out with the rectangle for a buy .
- Reason why this area is more interesting is because supply will be speculating to sell short to continue the down trend but Au is about to shift and start on with a bullish momentum.
- Currently in the 15min we have a bullish flag currently forming which will align with the demand zone spotted out with the rectangle for a buy .
- Reason why this area is more interesting is because supply will be speculating to sell short to continue the down trend but Au is about to shift and start on with a bullish momentum.
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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.