This the pattern is called Anti Shark, yes it is bearish even the stock market will go down also !
Weekly chart showing pattern incomplete, price may reach to $1733.. watch UGLD !
There is a H&S developing that I've been tracking but the right shoulder looks ugly due to the FUD of the TradeWAR...but it still want to complete its full right shoulder...which now has developed into a rising wedge..with decreasing volume and RSI fluttering at the top...as the title states "the drop is imminent in gold" time to buy $DGLD or $DUST
ABC pattern on gold, GOLD is doing a bullish flag at the moment. Trade at your own rifk!
After so long, i can't believe im bull on gold. Trade at your own risk.
Using the GOLD downtrend to get an edge. Trade at your own risk!