Analysis and trading of gold according to the Wyckoff method
Today, gold ( XAUUSD ) broke out of the Trade range, Sign of Strength (SOS). Gold did not return to 1785 - where I was waiting in the previous post, but the price confirmed the accumulation structure according to Wyckoff. The price could rally to approach 181x today.
Z Concepts is a free blog sharing how to use Wyckoff theory, supply and demand, Price Action and some other modern technical analysis methods. Follow to update more effective gold trading cases!
------------------------------------------ Attention: React to price action based on specific trading plans, rather than predictions. This is my personal idea and analysis, please just see it as an example for reference. You also need your own judgment, analysis as well as a trading plan to manage risks when trading Forex.
What method are you trading gold, forex? Please comment below
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