When we look at Gold
in the present we can see that the channels are clearly defined at this point. Expectations are predictable with expected small move up in a consolidation move, then a quick and decisive move down to the bottom of the channel where market makers will be targeting the stops form the prior Long positions. Looking at the past patterns and historical business that has taken place at these levels reveals these market maker targets. Fundamentals applied to the pattern and structure will deliver the expected impulsive move up from the bottom of the channel. Looking for Gold
to retrace and impulse nicely in the near future. Cheers!