Gold Seeks Lower Levels Below 1150

FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD             might continue it's rally to test the downtrend once again. It might then bounce back and start wave (y). I will be looking for a bearish reversal pattern to confirm the start of the downtrend.
Comment: Possible double top pattern. A breakdown of 1240 should confirm it.
Comment: Adam and Eve pattern, another form of double top.
Comment: Clear breakdown.
Comment: Broken uptrend. Let's watch those levels in blue.
that dose not look good...
Not good at all. Blame it on Brexit ; )
Hey Bandarsq, do you still believe we will be going down? I am currently short (JDST) and you chart looks pretty good.
Bandarsq nnavarrete
Yes I do.
I am looking this chart very closely, that where does this X end. I personally I like this to reach 1292 at least but based on our chats that Y is always longer than X wave. Do you think this sink as far as 1050 !?
I strongly think it will do reach 1150. Other scenarios suggest lower prices.
Thanks for this. Your point of view I always take into account. No doubt, your analysis is top notch.

My pleasure. Thank you : )
really good homeworks bud
Bandarsq sharktrade
Hope it works. Thank you.
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