Gold at a weekly high - Bearish here we come!
We are at the top of a weekly high.
The impulse to the top is a BIG 4 hour impulse - this means we are looking for a 4 hour correction!
The ascending channel towards the top is confirmation of a fall soon to come.
Keep an eye on what happens inside of that pattern for a sigh that the fall is about to begin.
There is a bearish flag on the 30m signalling a fall - be aware that the first fall will have a big retracement on it before falling again.
The impulse to the top is a BIG 4 hour impulse - this means we are looking for a 4 hour correction!
The ascending channel towards the top is confirmation of a fall soon to come.
Keep an eye on what happens inside of that pattern for a sigh that the fall is about to begin.
There is a bearish flag on the 30m signalling a fall - be aware that the first fall will have a big retracement on it before falling again.