Since the 14th of this month Gold has had a decent bull run, nearly taking all gains since the start of November. Now however, it is believed that this run has exhausted itself out
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Price has set itself a beautiful expanding channel pattern with an accompanying ABCDE corrective sequence. As price currently sets on (E), we should see price slump down further
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The bear scenario is only accepted once price has broken and closed over the hourly trend-line
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Price is set to head for the 1190 area, while anything over the 1230.5 level is considered invalid
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Price has set itself a beautiful expanding channel pattern with an accompanying ABCDE corrective sequence. As price currently sets on (E), we should see price slump down further
-
The bear scenario is only accepted once price has broken and closed over the hourly trend-line
-
Price is set to head for the 1190 area, while anything over the 1230.5 level is considered invalid
Order cancelled
No longer comfortable with current price action
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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.