GOLD\XAUUSD (Y21.P6.E1).Re-accumulation stage

Hi Traders,

I have started to get a good handle with formations or the story line with price action.

Hence I see this as a re-accumulation range as it has the hallmarks of a bullish story.

a) Formation is taking place above the previous high level
b) The story from ATH to accumulation to re-accumulation is the model well known.
c) Fib levels align
d) I have this fractal below to support my theory of where its taking place supports a very bullish market.



All the best,
S.SAri

Big picture



fractals