Short $284 MY OPINION (DYOR)
Updated
I have drawn key resistance levels from july's high of $302.16 to september's high of $302.63 (GOLD 1Day). I have marked the low or what would be the bottom of the down trend in july and where it currently sits as a low of septembers high (Gold 1Day). The Red diagonal Lines signify major down trend from july and what appears to be a possible repeat in October (red 1 day) (See previous analysis from last week). the green horizontal lines represent what i have seen as 2 key areas with major support (green 1 hour) red horizontal line appears to be an area of major confusion, having multiple gaps and rejections as represented by circle with red filling... HEAVY RESISTANCE IF AREA IS REACHED!!!! (reds 1 hour) circle with green filling is areas of major support and consistant. (MY TARGET AREA!!!)
also looks to currently form a bearish pennant
also looks to currently form a bearish pennant
Note
well i don't have to say nothing about the price action.. you see it
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