Gold is at high place, bearish trend is still in force
1) 0.618
2) at daily structure (start of bearish move)
3) Bearish AB = CD completed
4) Kiss of death on monthly trend line
5) Just broke hourly trend line
6) Forming daily pin bar
7) US Dollar is strong, SPX may rally to broken structure
8) Daily RSI overbought
9) Daily stochastics very high
TP1: 1240
TP2: 1220
Looks like we can short now with stop immediately above
the recent high 1291.5
Target entry: 1285
With so many factors in favor looks to be high probability
1) 0.618
2) at daily structure (start of bearish move)
3) Bearish AB = CD completed
4) Kiss of death on monthly trend line
5) Just broke hourly trend line
6) Forming daily pin bar
7) US Dollar is strong, SPX may rally to broken structure
8) Daily RSI overbought
9) Daily stochastics very high
TP1: 1240
TP2: 1220
Looks like we can short now with stop immediately above
the recent high 1291.5
Target entry: 1285
With so many factors in favor looks to be high probability