ABC and FIBS - Gold is falling in Dec 2022
ABC pattern - currently on 2 wave.
retested 1788 and got rejected - now going higher to 1796 ( the fake break out ) before starting a noticable fall.
we are heading back to the 1756 region but I think it will take 2-3 weeks ( end of Dec 2022 - early Jan 2023)
awaiting confirmation of the rejection of the 1794 level ( and double top)
and then retracement
1797 is a strong area going back to Jun 2022 & Aug 2022 & even Oct 2012 & Nov 2011 !!!
( have a look and you will be amazed ;-)
short scenario with a nice 5 RRR but long term trade
as always TRADING IS ABOUT STRATEGY AND NOT GUESSING THE DIRECTION
retested 1788 and got rejected - now going higher to 1796 ( the fake break out ) before starting a noticable fall.
we are heading back to the 1756 region but I think it will take 2-3 weeks ( end of Dec 2022 - early Jan 2023)
awaiting confirmation of the rejection of the 1794 level ( and double top)
and then retracement
1797 is a strong area going back to Jun 2022 & Aug 2022 & even Oct 2012 & Nov 2011 !!!
( have a look and you will be amazed ;-)
short scenario with a nice 5 RRR but long term trade
as always TRADING IS ABOUT STRATEGY AND NOT GUESSING THE DIRECTION
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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.
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.