Gold XAUUSD sell opportunities off supply zones
Gold XAUUSD sell opportunities with monthly and weekly supply imbalances in control. A very strong monthly supply level around $1310 has gained control a few weeks together with a smaller but stronger supply imbalance on the weekly timeframe around $1336. As explained in previous long term analysis on GOLD XAUUSD, no longs are allowed in this precious metal when a bigger timeframe has gained control.
Location and context are key to understanding when we are allowed to place a trade in one direction or another. No longs are allowed on Gold right now, only shorts at new supply imbalances.
This is affecting many gold related stocks like Kinross Gold KGC, Yamana Gold AUY, Barrick Gold GOLD amongst others american NYSE stocks.
Location and context are key to understanding when we are allowed to place a trade in one direction or another. No longs are allowed on Gold right now, only shorts at new supply imbalances.
This is affecting many gold related stocks like Kinross Gold KGC, Yamana Gold AUY, Barrick Gold GOLD amongst others american NYSE stocks.