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Idea for Gold next week
Gold Spot / U.S. Dollar
Idea for Gold next week
By bluecaptial
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Apr 9, 2023
2
Apr 9, 2023
We are definitely gonna reach for that BSL this year and make new all time highs.
I am thinking we touch the retail resistance level this month then come down again in May to a demand zone for the given Dealing Range.
This is to make retail think that it is real resistance to build more BSL at that level.
I suppose that the wave 5, sub-wave3 will purge retail resistance, then make a new high to complete wave 5.
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