$XAU #Gold Acceleration to the downside likely #Sequential
Hi Everyone,
Gold has entered a corrective phase leading to the likely formation of a bearish channel.
We also observe a descending triangle that broke down on November 07.
The bearish target of the descending triangle also coincide with the bottom line
of the bear channel and a price cluster previously formed during July @ around 1400 USD
The bear move is likely to accelerate within the next hours as the sequential countdown has just reset on the 4H chart.
The reset is induced by the extended 9 SETUP which generally leads to an increase in volatility.
The Weekly chart is still indicating higher prices after this expected correction.
Best!
MATHR3E
Sequential indicators:
Gold has entered a corrective phase leading to the likely formation of a bearish channel.
We also observe a descending triangle that broke down on November 07.
The bearish target of the descending triangle also coincide with the bottom line
of the bear channel and a price cluster previously formed during July @ around 1400 USD
The bear move is likely to accelerate within the next hours as the sequential countdown has just reset on the 4H chart.
The reset is induced by the extended 9 SETUP which generally leads to an increase in volatility.
The Weekly chart is still indicating higher prices after this expected correction.
Best!
MATHR3E
Sequential indicators:
- MATHR3E TD Multi Sequential
- MATHR3E TD Setup Trend
- MATHR3E TD Sequential Fibonacci Extension
- MATHR3E TD Aggressive Fibonacci Extension
- MATHR3E TD Combo Fibonacci Extension
