bullish fake out on Gold Short

GOLD (US$/OZ)TVC

Description

⋅ Oct 22, 2020 9:20 PM

Looks like Gold made a fakeout to the upside. It has broken key support, horizontalline and trendline. Lets see what is happening next. One scenario is as shown in the chart, retest of the trendline and then down.

What do you think?

best regards and stay healthy

Chart Patterns