Previous Gold analysis hit target : What Next
Updated
Our Harmonic analysis of Gold went as per our speculation and hit Point C from where it found support and moved up to retest 50% retracement and we can see strong rejection ,
Recently we can see 1 more harmonic bearish structure on 50% retracement ,
We were expecting some resistance @ 100% of CD and as price has been sent back from 50% strengthens our view of more bearish pressure in coming days ,
Also to be noted that we are still waiting 0.382 retracement of recent swing in daily chart towards 1380.
Recently we can see 1 more harmonic bearish structure on 50% retracement ,
We were expecting some resistance @ 100% of CD and as price has been sent back from 50% strengthens our view of more bearish pressure in coming days ,
Also to be noted that we are still waiting 0.382 retracement of recent swing in daily chart towards 1380.
Trade closed: target reached
1.618 retracement hit ,
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