Bear etail traders are totally confused after the perfect pattern broke down but isntead of goin glower we just negated the neckline.
Now bulls think that it's a flag and we are going to break above 1520 soon.
We are too late in the intermediate cycle for any break higher at this point.
Gold will drop into its intermediate cycle low and I'm going to short it.
I want to see the what comes at the ICL .
TSI and needs to turn down into the oversold territory.
Right now we are just fighting on the 50 but I think it will give up and the next level we will tag the 100 at 1433$.
I’m 100% sure that any break above the trendline will be a fake breakout.
They will pay our trip down to the 1440s
Trump And Liu He are going to meet on Friday 14:45 EST. That’s 20:45 Berlin time. I guess it will last no longer than 2 hrs. So the announcement will be in the last 2 hrs of the trading : between 21 and 23 Berlin time.(15 :00 and 17 :00 EST)
The break of 1460 will trigger it.
I think this time will not be an exception.
XAUUSD didn’t bounce with the dollar drop.
Signals and the next big move comes to the downside.
The daily close will be important. I guess goldbugs will be suckered into this bounce. And finally we will drop into the ICL.
The breakdown of 1280 will be nasty.