Gold Bearish Target $1450
Gold just completed the right shoulder of the continuing Head-and-Shoulder pattern forming sense the beginning of August. DJI is also setting up a strong bull-flag which should send gold down into correction when the major indices break new highs one last time. Very volatile market however and large stage events could shape up to destroy this pattern if severe enough and send gold to new highs. I only see this happening howvever if the next recession starts tomorrow.
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.