Gold's possible correction
Updated
Ranging in reversal zone. In medium-terms it went up here almost straight and without any significant correction. Maybe it’s the time. Needs minor bearish moves to confirm this, or any violation to invalid. Let’s wait and see.
Also, it is forming a bearish harmonic in long-term.
In updates I’ll post charts with my own price action analysis algorithm.
Also, it is forming a bearish harmonic in long-term.
In updates I’ll post charts with my own price action analysis algorithm.
Note
Nice dump for a start. Nice signal on price action. Targets by my algo is consistent with harmonics. Very strong setup.
Note
That was a strong violation of the pattern. Interestingly my own algo signaled this in a safe zone.
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