GOLD actively inducing BUYERS within the range?
Good Morning Folks - Virtually not a lot of movement on gold as price is still within the range - Not going to even bother to look for anything today as trading within the range for my style doesn't provide much opportunities
If trading within a range works for you - now is your chance but personally I feel like gold hasn't been up to much in the last 3 or so days
Also again I will remind you - gold is a bull market - The dealer's target will be buyers..it is interesting that so many buyers may be induced along these trendlines that are forming WITHIN the range
Meaning - you are being induced to buy for the market to essentially go nowhere
Maybe??
Not a lot of sellers being induced as of this point s the only real area they can be induced is at the high of the range - but if gold continues to buy in accordance with its momentum - the sellers would naturally be taken out
This is why I believe that it makes sense for more buyers to be induced at this time
I will also leave a link to the last idea I posted here - https://www.tradingview.com/chart/XAUUSD/rcUHGtxI-An-Extensive-Gold-Breakdown/
This is to remind you of the two different possibilities I am expecting on GOLD
But I feel like a spike downward (pink line) to take out all buyers below the range then more buys upward back to the ultimate high makes more sense
Set your alerts and sit and wait - one thing I think is very possible is...it's going to be a massacre tomorrow for NFP
Downvote if you didn't read this entire post and didn't stop to try to understand - if you still disagree then absolutely downvote
OR
Upvote if you did read this entire post and did try to understand
If trading within a range works for you - now is your chance but personally I feel like gold hasn't been up to much in the last 3 or so days
Also again I will remind you - gold is a bull market - The dealer's target will be buyers..it is interesting that so many buyers may be induced along these trendlines that are forming WITHIN the range
Meaning - you are being induced to buy for the market to essentially go nowhere
Maybe??
Not a lot of sellers being induced as of this point s the only real area they can be induced is at the high of the range - but if gold continues to buy in accordance with its momentum - the sellers would naturally be taken out
This is why I believe that it makes sense for more buyers to be induced at this time
I will also leave a link to the last idea I posted here - https://www.tradingview.com/chart/XAUUSD/rcUHGtxI-An-Extensive-Gold-Breakdown/
This is to remind you of the two different possibilities I am expecting on GOLD
But I feel like a spike downward (pink line) to take out all buyers below the range then more buys upward back to the ultimate high makes more sense
Set your alerts and sit and wait - one thing I think is very possible is...it's going to be a massacre tomorrow for NFP
Downvote if you didn't read this entire post and didn't stop to try to understand - if you still disagree then absolutely downvote
OR
Upvote if you did read this entire post and did try to understand
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