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VladimirRibakov

Gold Short Term Forecast

Short
Gold (CURRENCYCOM:GOLD)  
VladimirRibakov  
CURRENCYCOM:GOLD   Gold
Trend Analysis Multiple Time Frame Analysis Gold forecast Bearish Patterns SELL correction LOW
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trendanalysis mtfa gold forecast bearish sell correction low
H4 - Expecting ABCD correction after the Bullish Trend Pattern. We are now looking to trade the correction.

H1 - Bearish trend pattern, bearish hidden divergence, expecting new low to be created.

Invalidation - If the price moves higher, breaks and holds above the 61.8% fibonacci retracement level of the bearish trend pattern in one straight leg then this short term bearish view will be invalidated.
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