wolfstreetswinger
Short

SHORT GOLD - TRIANGLE BREAKOUT

TVC:GOLD   GOLD (US$/OZ)
91 0 4
LOOKING TO SHORT TO FAN SUPPORT PLEASE REFER TO MY PREVIOUS CHART (LINKED) WHY I THINK WE WILL HAVE AN 80% RETRACEMENT

CURRENT PRICE ACTION LOOKS TO BE IN A TRIANGLE THAT MAY BE READY TO BREAKOUT GOLD             STILL LOOKS VERY BEARISH TO ME ESPECIALLY COMING INTO ELECTIONS AND RATE HIKES SO I WILL BE LOOKING TO SHORT. TRADING BELOW THE CLOUDS KS AND 200 DAILY MA ONLY POSITIVE I CAN SEE IS TENKAN SLIGHTLY TURNING UP WITH THE TRIANGLE BUT DMI             IS STILL NEGATIVE, TRIX IS TRADING BELOW ZERO HITTING RESISTANCE AND WE LOOK TO HAVE SOME BIG FISHER DIVERGENCE LOOKING TO CROSS BACK DOWN

GOOD RISK TO REWARD HERE IN MY VIEW

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