Thinkorsink

Gold short -4% as traditional staying irrational

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade!!

Everybody’s favourite chart pattern is a possibility here in gold. Descending triangle predicts a possible $60+ drop after repeated failure to hit 1800 area.
See how we react to bottom of triangle (horizontal support) @ 1681

No sell signal on RSI.

If chart pattern is confirmed let’s see if price gets hit by June 4th ✌️❤️🙏
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