Gold is respecting the 2-2.5 stdv like clockwork. After reaching 3130 I expect gold to return down to first 3034, and then eventually down to 2959. This will retrace back to fib 0 for the original manipulation legs as showed on chart. There is also an RSI div on 1H
Trade closed: stop reached
Price continued above my reversal zone, so trade invalidatedNote
Seems the reversal will happen around 3250 instead, it matches well with my updated analysis. I've re-entered my short here, target 3056. Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.