Gold has a long way to drop down.

Traders,

Gold has show bullish hedging power when news coming from Trump.And thanks for Trump, Gold hit left should again and forming a new descending channel for us to follow.

Btw, is that a harmonic pattern here?
Yes, but lets just focus on our ABC channel.
For weekly tgt, 1236 is our tp1
1200-1210 zone as tp2
1160-1180 zone as tp3.

Gold has a long way to drop down.

Less is more!

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pending short order at 1256 and 1261.

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the green candle for UJ is a good sign for gold' short trade.
Even though gold's channel is still moving slowly up.
But RSI DIV appear on 4H chart.

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Trade active

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PENDING ORDER 1257 ACTIVED.

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$5 for this new first short trade now.

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first short trade closed for $5.
second long trade now setup tp to 1280.

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that was on the assumption that GOLD need to make a new low price lower than B

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according to the chart, a green candle show up ,and bullish for gold on the 4H chart

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hello guys, i know this is a little b like gambling.
but gold now on the right shoulder without making a new high
So far, seems like gold is turning down after hitting the 1263, same high as last top.

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RETEST TREND LINE WITH A DOUBLE TOP WITH RIS DIV,
There are 3 reasons for gold to short down to last low as a support.

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WAITING FOR SIGNAL AROUND HERE

Trade active:

Short trade entry at 1258, Aisa morning.

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tp 1236.

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hello guys, this assumption of gold to drop is fail.
More short trade signals should be up to 1275-1290,even 1303.
We will provide more details in a new chart.