GOLD What can price action tell us in the market ?

Nov 5, 2020

Hello traders:

As of this time we are still waiting for the US election to have confirmed result.

I thought I share my outlook and bias of the market and explain briefly on price action.


If we look at GOLD from the HTF, we can see the price is in a uptrend move.

Within this bullish run since August 2018, price has been in an impulse phrase of the market condition.

We know that within a large, HTF impulse, we will get many small, LTF impulse/correction, impulse correction..etc to push the price up.

This is where multi-time frame analysis will give you a much clarity of the market.


Now looking at the latest price action on GOLD. Price is potential going to be in the LTF bullish impulse phrase, which may be the start of the next HTF bullish run.

The safest way to capitalize would be waiting for the election to confirm the result, and wait for continuation correction on the LTF to look for possible entries.

Thank you