GOLD; bear flag breakdown, or is it?
Still feel like we are not done with the drop with one more leg to go.
We got daily rejection of prev 80s support turned resistance zone with a high at 1478.
Semi breakdown yesterday with a possible retest as seen on H4. This next H4 candle closing will be crucial.
We could be going down for a double bottom test first target at 1452 at 0.786 fib, if it breaks, we should see a new low today at 1441. After many days of consolidation, we might finally get the direction today.
Trade safe. GL, j.
We got daily rejection of prev 80s support turned resistance zone with a high at 1478.
Semi breakdown yesterday with a possible retest as seen on H4. This next H4 candle closing will be crucial.
We could be going down for a double bottom test first target at 1452 at 0.786 fib, if it breaks, we should see a new low today at 1441. After many days of consolidation, we might finally get the direction today.
Trade safe. GL, j.
Penafian
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