Gold - Wyckoff Distribution
Idea for Gold (XAUUSD):
- This is a Wyckoff Distribution Forecast of Gold.
Wyckoff Definitions:
BC - Buying Climax
SOW - Sign of Weakness
UT - Upthrust
LPSY - Last Point Of Supply
Wyckoff Phases:
Phase A - Stopping of prior uptrend
Phase B - Building a cause for preparation for a new downtrend
Phase C - Test of remaining demand
Phase D - Supply showing dominance
Phase E - Unfolding of the downtrend
GLHF
- DPT
- This is a Wyckoff Distribution Forecast of Gold.
Wyckoff Definitions:
BC - Buying Climax
SOW - Sign of Weakness
UT - Upthrust
LPSY - Last Point Of Supply
Wyckoff Phases:
Phase A - Stopping of prior uptrend
Phase B - Building a cause for preparation for a new downtrend
Phase C - Test of remaining demand
Phase D - Supply showing dominance
Phase E - Unfolding of the downtrend
GLHF
- DPT
Trade active
Speculation:- Governments will be dumping their paper gold on speculative frontrunners of Basel III at peak inflation until it reaches a suitable price for re-accumulation.
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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.
Related publications
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.