Interesting thing about Ending Diagonal correction pattern is that the asset breakout can occur either side - bullish or bearish. With increasing bearish sentiment on gold, there is high possibility for gold to continue on the down side. Possible reversal level at 1789 or possibly testing the lower channel of the daily bullish wedge... However, a break above the correction may cause gold to start ticking up
N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Nice man! Would like to see the bounce back to 40,50 first but do see it heading lower
BullBearMkt
⋅
@EasyCharts, Fingers cross on gold's next move as market opens. Thanks for your comment
BullBearMkt
⋅
18/01/20: 02:01 GMT - Price rejected & pullback into the ending diagonal. For a short trade, price needs to close below the pattern and a pullback will be a good trade. As it stands, a rejection indicates buying pressure for gold
meerahans2910
⋅
@BullBearMkt, hi, shall i keep TP 1849 for safe side?