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TheAnonymousBanker

GOLD: Bearish consolidation in short term?

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
TheAnonymousBanker Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Wave Analysis Elliott Wave goldtradingstrategy goldanalysis xauusdshort Gold elliotwaveanalysis elliottwaveprojection Commodities Forex
30
8
trendanalysis waveanalysis elliottwaves goldtradingstrategy goldanalysis xauusdshort gold elliotwaveanalysis elliottwaveprojection commodities forex
Trend is bearish on intraday chart and Gold could consolidate this leg with some corrective structure (ABC or ABCDE Pattern). Having said that, we are following this bounce from 1907 area (daily support) and if it is limited to 1915 area, we cannot rule out the formation of a bearish harmonic structure.

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💥Attention!
Inflation data will be released soon. Potential volatility could cause any Pattern to fail, caution.
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TheAnonymousBanker
GOLD: Daily Analysis |Bullish Pattern|
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