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Gold in Re-Accumulation?



Gold
Gold is expected to be trading in re-accumulation instead of distribution in view of a "Spring" event.

Spring is a exhaustion of supply, indicating demand is expected to be back in control.

A breakout from the creek (resistance), we will expect Gold to trade further.

1st TP  : 1,550 level (Previous high +2.618% Fibo)
2nd TP : 1,600 (Whole Number Effect + 4.236$ Fibo Level)
Stop     : 1,460 (Spring Low)

Gold in Re-Accumulation? 
by Wyckoff_Trader on TradingView.com


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