STILL LOOKING BEARISH AFTER PRICE WAS REJECTED BY THE MONTHLY DOWNTREND LINE AND HEAVY BEARISH KUMO WITH A GOOD BEARISH SIGNAL ON THE FISHER THERE I BELIEVE WE ARE STILL SHORT WITH ALSO UPCOMING RATE HIKES.
WITH ANOTHER POSSIBLE ENDING TRIANGLE I AM HOLDING SHORT TO TRIANGLE POINT C AROUND 111.8 PROBABLY HEDGE IN A LONG THERE OFF THAT NICE RISING SUPPORT LINE FOR A CHANCE WE COULD GO UP. IF WE ARE IN FACT IN A TRIANGLE AND WE BREAK LOWER I HAVE INCLUDED SOME AREAS OF CONJOINT SUPPORT WHERE WE COULD ENTER POSSIBLE LONGS AND SOME TARGETS FOR FUTURE HIGHS.
Comment
⋅
ALSO IS IT JUST ME OR DOES GOLD LOOK LIKE A GIANT FLAG
@felix997, Thank you going well so far metals become a safe haven in the run up to the elections and we had a good rally covered long for a while until we got rejected big time by the downtrend line again so i still remain bearish as we come into possible rate hikes next month