ChuyChewy
Short

GOLD Dropping Down Hard?

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Hi guys! Second time! on a roll, lol. Anyways, I was thinking of this idea I had. Gold currently has a double top and broke through and currently retesting for a second opportunity to sell. It may bounce the highlighted area. If it bounces off the 38 fib then it's going downhill hard. I believe it may hit the 1535 area around. 4Hr shows some divergence which leads me to believe this may go as I think it's going. Let's see what it does! Happy Trading!
Sep 03
Comment: I forgot to mention that it also had a Head and Shoulder

Comments

bingo$7
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ChuyChewy north01
@north01, :D
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it's still stuck at 50%, if it closes under that then we might see it retrace down more, maybe even close to 1H gap before the news yesterday. fingers crossed !
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ChuyChewy nedjiaka
@nedjiaka, Agreed! Let's see where this goes!
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