Liquidity that has been build up above the trading range we has "technically" been captured. I personally identify this has a potential distribution phase. Gold has a swap interest greater on the shorts than the long, therefore it is a possibility that price could make its way down to the 1650 level before coming back up.
Make no mistakes I am highly in favour of price reaching 1800 level instead of moving down but will not exclude the possibility.
Make no mistakes I am highly in favour of price reaching 1800 level instead of moving down but will not exclude the possibility.