This is a massive Bearish pattern. Gold can rally higher from here to 1740 ( we have stop at 1750) or it can break from here. But there is nothing Bullish about this, Banks positions are 90% long on Gold, as also retail traders who believe all news out there of gold rallying to 2000, 3000 this year which will make gold do a massive dump to margin call all this people buying Gold Non-stop. Do not forget gold is the most manipulated metal in the game right now so dont believe what the charts tell you when you see a possible continuation of a big trend comming.
I've opened a sell at 1732, Stop loss 1750, first tp 1620.
Then I will keep selling at retracments/ possible future accumulation zones of the Price.
Think the dump will be to 1300, maybe 900 till end of the year.
I've opened a sell at 1732, Stop loss 1750, first tp 1620.
Then I will keep selling at retracments/ possible future accumulation zones of the Price.
Think the dump will be to 1300, maybe 900 till end of the year.