Gold preparing to melt down!

As we can see its clearly creating LH and LL also it dropped every time right off the FIBS and from a rising wedge.
I believe we will climb back up a bit to around 1480-1488 area where we have:
Daily Trend line Resistance where we can create a next Lower Low,
Selling Area-Supply zone,
Top of the Chanel,
0.382 Fibonacci level.


Feel free to write your comments. Every comment is appreciated!
Good luck guys

Komen:

Gold playing around 1475 marked as Important area.
Still holding shorts!

Dagangan aktif:

Price broke trough our first resistance 1490. Im still SHORT BIAS based. I still see a potential move to the downside. Resistance @ 1515 holding good, trade deal phase 1 going to be signed up, divergences on all time frames and we are on the downtrend so everything is still pointing to the downside move. I added more sells will see how it develops :)
R:R

Dagangan ditutup: hentian tercapai:

Sorry for late update. My Stop Loss has been hit at 1517.
Looking for new possible set ups