GOld is plateauing.. poised for correction

OANDA:XAUUSD   Gold Spot / U.S. Dollar
It has been more than a month that price action remains capped. No buyers are interested in this pricing. I was expecting a quick dip so that there is a recovery by early next week.

Looks like gold will go down slowly around ~1600 area before buyers are back. I have one short swing position right now. SL around 1735. I am targeting low 1600 area. This need patience. I will be monitoring candle PA on daily basis.
Comment: Let it sinked in....
Comment: I still bearish on Gold. XAUEUR, XAUGBP, XAUSGD daily setup are all bearish.

Setup as follows:

Comment: Hangman in the making..


Daily XAUEUR, XAUGBP, XAUAUD, XAUSGD setup are bearish. This is something to keep in mind.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out