RowtymiARA

Gold correction

Short
RowtymiARA Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
I believe gold will correct. If it breaks the trend line, i think it begins a major correction.
Comment:
It could also bounce off the trend line. If it does, then it will be bullish.
Comment:
Bounced off the trend line twice but came to correct later. Gold still falls for TA but its can take his route sometimes and nobody can know. But every T analyst that knows its onions will know that Gold needed the correction.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.