I'm specting for a big correction in Gold after the Gold has formed a triple top and failed to rise the uptrend channel. I will see the behavoir for the next days before take this trade. If there will be a bullish candle in the zone I beleive gold could be to historicals higher; meanhile I think this time is for a huge correction.
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A big wave it's coming
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Yesterday the gold start to fall and today has a great retracement to .618 fibo so it's good time to re-enter the trade.
OK thats enough 4H candle is really really indicating it going to break weekly resistance thats it Goodbye S&P500 ,Dow, Nasdaq & Dollar you better long now !!!!!!!!!!!!!!!!!!!!
leghacy
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thats a nice pullback up on Gold wait asia session it will come down
richard7_
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@milkywaay, Could be. I prefer be patient and see where the price goes in the next hours before take any action
leghacy
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@richard7_, Sure the next Two 4H candles will be decisive
leghacy
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last time Gold makes a Nice Deep pullback down ! bitcoin slaughtered USdollar All time high like never before !
Gold will be Doing same !
richard7_
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Yesterday the gold start to fall and today has a great retracement to .618 fibo so it's good time to re-enter the trade.
shafsworld
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You are right it is uncertain period and we have theories both ways.
richard7_
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@shafsworld, Yeah! It will be difficult to have certain for the next movements, but I beleive gold will be in an indecision channel for a while. After that gold must do a strongest movement upward or downward. Will see!
shafsworld
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@richard7_, It is better to do some gamble, either you may loose a little or if luck favors can be a winner all the way. That is my way of trading. I like to take risks.
leghacy
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just correction gain momentum upwards Gold prices will be explosive in coming months on the other hand stock market all time high & USDollar index Going down >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>