Potential Short coming up on gold, lots of factors backing up my bias. On the daily time frame we have a very apparent head and shoulders pattern and a tasty trendline from the lows of 21st Jan that is providing some Nice support currently. We can also see that a break of the psychological price of 1285 may see us down to the 0.382 fib level, then id like to see the retest of 1285 before going short down towards 1265 which co-insides nicely with a long term trendline from the lows of august 2018.
Comment
⋅
Potential squeeze into this wedge before we will see a break to the downside.