Blow-Off Top? Why I’m Selling Gold Rallies Again

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In my analysis yesterday, I mentioned that Gold could be due for a correction and suggested selling rallies.
Unfortunately, my sell position from 2905 hit the stop loss, and Gold went on to reach a new all-time high.
However, this appears to be a blow-off top, which could signal the start of a real correction phase.
With this in mind, I will look to sell rallies again, targeting the 2885 confluence support level.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

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