Quick chart if gold wants to retest its previous high.
Comments
BGLion
⋅
Hi pixi, 1375 means we will break the major bearish TL which is currently around 1350. If that is the case we should go to 1400+ or go really quick back under 1345
pixi
⋅
Sure, you're right. As you said quick back under 50 is also possible and i like the wicks ;) But we aren't there yet.
albertwt
⋅
pixi, Does this means Gold will be bearish this month ?
pixi
⋅
Hi albertwt,
In my point of view, yes, but i'm maybe wrong like any trader ;) Good luck in your trading !
mshinawi
⋅
Hi pixi, how come gold will be bearish this month, while the chart showing a retest of 1375. Do you mean quick retest then bearish?
pixi
⋅
That's my point of view. Many confirmations are needed though. First step is a wave up above 33. And as i said, i'm maybe wrong. We'll see.