Night_Trader

Big Volume to the downside...

Short
COMEX:GC1!   Gold Futures
2
Big Volume to the downside could indicate a second leg down. The AB=CD would terminate around the . 618 retracement from XA. Target could be there or a bit higher at the 0.272 extension of AB.

Stop above the big volume day. R/R = 1.5
And the trendline break should not reverse too sharply now.
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