CFDs on Gold (US$ / OZ)

Short

Bearish Cypher

By DemetrisDemetriou

Updated

Bearish cypher. Price should go up to 1261 and then bears will take the price down IMO. Probably down to at least 50% Fib retracement sometime by the end of March.

Note

Up to 1259 max and then bearish. Or it might break bearish before even reaching that high.

Note

Just check when it breaks out of D completion. From there it will go down. Short/sell once it breaks out and the downtrend is confirmed.

Note

Broke out of D completion. Bearish down to 1219

DemetrisDemetriou

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