Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
In the last post we talked about the short position from 2015 to 1980 at daily support. The price hit that support and bounced from there as mentioned. The bounce was till 2012 and it fell again on the daily support. This time again the support should make the price bounce. A long should be favorable here. The target should be at least 2005.
HLZ Supply and Demand Methodology
No-1 Market has engulfed previous Supply level in 1916 and below 1916 we can see market making phase 3 Reaction by rejection
No-2 Market no more making New LL in Phase 2
No-3 Market Recently Tested ATH level 2075 close below and retraced wait for little bit more Drop to the downside to buy at discounted Price!
