Pashabxl

XAUUSD: The reversal is concrete and severe

FX:XAUUSD   Gold Spot / U.S. Dollar
316 2 3
I've been warning for the reversal of the trend for quite sometime now.
At the present, Evething shows that the price will go down, and even bellow 1180.
Baring in mind how powerfull the decrease will be, we may well go beyond 1180,towards 1060. Let's wait and see.
It is not the time to go long for sure. MArket needs a stabilisation on the downside.
seems that the clound made price action bounce would like to see a close above the 0.5 fib level to confirm
Reply
Pashabxl jeanbaptiste.laurent.94
Dear jeanbatiste,

you are write, in order to have a proper confirmation as a 4th signal, 0.5 fib level is important, although now I think that the little upside reaction of the market is rather a reaction due to FEd's minute and won't last on the upside.
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