Gold 4 Hr Short
Gold has been in uptrend but now it seems to be losing its momentum. According to cyclic patterns it top to top duration is completed so now the bulls should take some rest. Enjoy the ride
Bulls Points:
1. UPTREND
Bears Points:
1. 1800.00 Resistance level respected
2. Fib Resistance level 0.5 at 1807.55 Respected
3. Three black crows
4. Time cycle from TOP to TOP is completed
5. Rising wedge pattern is breaking
Bulls Points:
1. UPTREND
Bears Points:
1. 1800.00 Resistance level respected
2. Fib Resistance level 0.5 at 1807.55 Respected
3. Three black crows
4. Time cycle from TOP to TOP is completed
5. Rising wedge pattern is breaking
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.