Gold - Wyckoff Distribution

23 May 2021

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

3 Haz 2021

İşlem aktif

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.