2209 GOLD UPDATE for $100 potential drop
Hello traders,
Since GOLD has made its decision to drop to break the corrective triangle, what we need to do is following the new swing.
On monthly chart, you can easily find out a bearish warning signal outside BB for last month.
Considering only 7 trading days left for Sep, we suggest you keep focuse on selling gold till it hit the support zone between red and blue dash line.
It is very possible for GOLD to drop 100 dollars from this week. You could say this is a correction before US election. It is possible for those profitable buyers leave first before any new black swan event happened again..
Good luck my dear friend.
LESS IS MORE!
Since GOLD has made its decision to drop to break the corrective triangle, what we need to do is following the new swing.
On monthly chart, you can easily find out a bearish warning signal outside BB for last month.
Considering only 7 trading days left for Sep, we suggest you keep focuse on selling gold till it hit the support zone between red and blue dash line.
It is very possible for GOLD to drop 100 dollars from this week. You could say this is a correction before US election. It is possible for those profitable buyers leave first before any new black swan event happened again..
Good luck my dear friend.
LESS IS MORE!
