GOLD Intresting Sitution
Gold at this time Respected Support area and move up
also, Created a fresh supply Area at 2050 to 2060 price.
We all will take a short position from this supply with confirmation because this supply still below the trend line.
because many Institutions take a long from support.
We are waiting for 2050 if institution cut their long and take short from 2050 to 2060 then Gold will drop like a waterfall.
If gold closes up the 2060 level this coming week then gold fills the upper wick in the coming weeks.
Because in HTF(High time frame), the Institution still holds its long position
But Hopefully buyers out and cut there profit and take short position .
also, Created a fresh supply Area at 2050 to 2060 price.
We all will take a short position from this supply with confirmation because this supply still below the trend line.
because many Institutions take a long from support.
We are waiting for 2050 if institution cut their long and take short from 2050 to 2060 then Gold will drop like a waterfall.
If gold closes up the 2060 level this coming week then gold fills the upper wick in the coming weeks.
Because in HTF(High time frame), the Institution still holds its long position
But Hopefully buyers out and cut there profit and take short position .
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