Gold forecast
As my previous chart was forecast on a larger degree timeframe, this upcoming week i shared my views on the 45min chart.
On the left red arrow the market stop and return at 127.2 on a larger degree, this shows that the correction on the larger timeframe is ended, so now we're looking for a pattern that shows us the confirmation of the bearish continuation,
On the right, mark by the blue arrow is a market test on a larger degree , seeking and accumulate for more volume to continue the bearish rally, as for now we can see the double top formation, while overall diamond pattern is in form, this is the pattern we seek for now. To complete this diamond pattern we will expecting a small retracement towards 1822ish , then the bearish journey will begin.
these are just my perspective of the market.
On the left red arrow the market stop and return at 127.2 on a larger degree, this shows that the correction on the larger timeframe is ended, so now we're looking for a pattern that shows us the confirmation of the bearish continuation,
On the right, mark by the blue arrow is a market test on a larger degree , seeking and accumulate for more volume to continue the bearish rally, as for now we can see the double top formation, while overall diamond pattern is in form, this is the pattern we seek for now. To complete this diamond pattern we will expecting a small retracement towards 1822ish , then the bearish journey will begin.
these are just my perspective of the market.
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