Gold - Bearish Megaphone Pattern Short

GOLD / U.S. DOLLARICE

Description

⋅ Feb 2, 2019 10:13 AM

The 5th tough here looks very like a false breakout which is a common bull trap. It's set a negatively divergent high also. Would like to see a corrective move back to 1240-1260 area here over the next couple of months.

Trend Analysis