Tech_trader1
Short

GOLD looks overbought, correction on the horizon

FX:XAUUSD   Gold / U.S. Dollar
132 1 0
SHORT (?)
not yet. trend is still extremely bullish w/o showing any convincing signs of reversal as of 5 am EST. possible SELL Gartley 222 or butterfly on daily has not conclusively completed in its PRZ and as an indirect filter, USDTRY (Turkish Lira) is still showing sign of strain as upside risk continues to affirm itself as it breaks 2.0500 again. so i wouldn't be surprised to see gold hit at least 1,466.0 to 1,488.0 where Gartley structure would reach normal completion points in a harmonic PRZ.
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