GOLD_2
Short Setup
Short Setup
Order cancelled
Note
Reason I closed this in VIPIf the current structure is forming a ABC correction move of the previous 12345 impulse wave, the correction has been completed and is setting for the next impulse. A bull setup would be favourable if price breaks the flag structure (yellow trendlines).
A bear setup would be favourable if price breaks below the ascending trendline (white). This would then invalidate the previously said ABC correction move. A more detailed analysis will be done next week with more data.
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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.