I was waiting for price to come back up to the top to publish this idea. Like expressed in previous ideas gold is bearish mid-term and due for a correction to at least $1230. Here at the top, I think, we will range a couple weeks at least giving multiple opportunities to get best shorting opportunities. TP1 - $1230. TP2 - $1200.
This is Mid-term opportunity that should play out within second half of 2019 year. Requires patience.
Good luck!
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This idea is not doing well but since it is on weekly TF I would like to see weekly candle close before drawing conclusions. Bat correctly identified potential reversal zone price behaving highly emotional there.
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I shorted at $1390 today. Can not advise it because it is risky. If you decide to do the same handle the risk properly.
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Doubled short at 1406. Let's see how it goes. Waiting for week close to make final decision.
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This Bat pattern got killed this week. It doesn't mean gold will not drop though. I have created new idea with bigger and better AB=CD Harmonic pattern.