This is not a very strong bearish signal on monthly chart.
But it says there is a possibility that GOLD will move south in the few months of 2019.
On that case, the idea that Gold is now at the end of the ABC wave is now making sense.
1360-1436 could be the monthly support for gold.
So here is the plan.
Short GOLD with the weekly chart and monthly chart.
But find the entry opportunity for sell and correction ( PULLBACK) on 4h chart.
Good luck!!!
LESS IS MORE!
But it says there is a possibility that GOLD will move south in the few months of 2019.
On that case, the idea that Gold is now at the end of the ABC wave is now making sense.
1360-1436 could be the monthly support for gold.
So here is the plan.
Short GOLD with the weekly chart and monthly chart.
But find the entry opportunity for sell and correction ( PULLBACK) on 4h chart.
Good luck!!!
LESS IS MORE!