On the HTF gold is quite overextended and either a retracement or a full reversal need to occur at some point, so i've patiently wait for a short setup to show, and i think i've found it.
starting from left we see a bullish flag that even if broken didnt show much bullish strenght, instead evolved into ascending channel, which now seems about to break, we have once again reached the bottom of the channel but now instead of bouncing we are forming a bearish continuation pattern ( triangle or flag),
i shorted friday and i think next week we will go and test 1900 , and after that i will evaluate the situation again.
what do you think?
starting from left we see a bullish flag that even if broken didnt show much bullish strenght, instead evolved into ascending channel, which now seems about to break, we have once again reached the bottom of the channel but now instead of bouncing we are forming a bearish continuation pattern ( triangle or flag),
i shorted friday and i think next week we will go and test 1900 , and after that i will evaluate the situation again.
what do you think?