GOLD looks good for downside. Keep an eye on this one, as it recently hit a major TP for this harmonic pattern. Price hit fibonacci retracement resistance level.
I am expecting a move from here straight to the lows, alternatively, it could bounce to the swing high once more before the breakdown.
Best regards, Tom_Killick
Komen
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Very strong up move means this trade isn't currently active. I will updating this idea on daily and 4 hour chart so make sure to follow me and like my ideas.
Komen
Olu
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Hi Tom
I was wondering when I read this idea and the DXY short idea. Something has to give as these 2 usually go the opposite way. Exceptions do happen of course
TomProTrader
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@Olu, This idea, as per the comments, is now invalidated.
I was wondering when I read this idea and the DXY short idea. Something has to give as these 2 usually go the opposite way. Exceptions do happen of course