Gold Short Opportunity, Still in corrective phase
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Gold rejected yet again above that major trendline around 1912.
This opens up a short opportunity.
I will be looking for a retest and resumption downward on the 8 Hrly candles, following one of the two paths (pink or yellow)
This opens up a short opportunity.
I will be looking for a retest and resumption downward on the 8 Hrly candles, following one of the two paths (pink or yellow)
Nota
Just noticed it also might have formed a double top, which will take it down to around 1850 Nota
Head and Shoulders. Measured move takes it to my first target Nota
Played out to a T Looks like it will continue down to the lower target too, but have taken some profits for now.
Penafian
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