GOLD - Weak And Ready To Move Down Again
After a very large and sudden 7% drop, GOLD has not bounced at all and has become trapped within a tightening price band suggestin bearish continuation. 4 hour MACD is curling over towards the centre point suggesting a reversal may be coming soon, perhaps as DXY makes its next move. If price is in an ABC then next target is not $1.6K area. If its a wave 3 then expect fireworks and I will be making a thread for that outcome also.
I'm short here again.
Not advice.
I'm short here again.
Not advice.
Comment:
Comment:
Getting close.
Comment:
Big star into 0.382, could be a retracement top
Comment:
Evening star through and back through 200Dma with star tagging 0.5 fib. Will be heading down soon enough.
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