GOLD Short Potential - Wyckoff
Gold creating distribution on 4H chart.
Wait for phase C, D and E to play out for confirmation.
If the retest happens of AR at 1910 for a LPS (last point of supply) then that would be a good entry with a stop loss above the 1912, target 1850
Personally I think this is a correction before hitting the higher target of 1965 so add buys along the way if you are comfortable with doing so.
This is not financial advice and my personal opinion.
Wait for phase C, D and E to play out for confirmation.
If the retest happens of AR at 1910 for a LPS (last point of supply) then that would be a good entry with a stop loss above the 1912, target 1850
Personally I think this is a correction before hitting the higher target of 1965 so add buys along the way if you are comfortable with doing so.
This is not financial advice and my personal opinion.
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