**GOLD ANALYSIS**
**TECHNICAL ANALYSIS** Our last analysis on GOLD was quite correct, predicting the price to close the first inefficiency at 1930.
After this we had forecasted a possible upward move to break the highs, or a deeper retracement.
After looking at price before it reversed, we can notice a Wyckoff schematic kicking off a temporary bearish trend for the precious metal.
Price is coming down with conviction but at 1928 will face the first unmitigated zone of demand closing the inefficiency at the same level, I’m really curious to see how price reacts to this level, I’m expecting a push up for sure, but it’s to see if this push will manage to break the highs.
If I had to choose now before the initial push happens, I would tend for another leg down for GOLD to close the major inefficiency 1890-1880 level
**TECHNICAL ANALYSIS** Our last analysis on GOLD was quite correct, predicting the price to close the first inefficiency at 1930.
After this we had forecasted a possible upward move to break the highs, or a deeper retracement.
After looking at price before it reversed, we can notice a Wyckoff schematic kicking off a temporary bearish trend for the precious metal.
Price is coming down with conviction but at 1928 will face the first unmitigated zone of demand closing the inefficiency at the same level, I’m really curious to see how price reacts to this level, I’m expecting a push up for sure, but it’s to see if this push will manage to break the highs.
If I had to choose now before the initial push happens, I would tend for another leg down for GOLD to close the major inefficiency 1890-1880 level