gold in a clear bear market on higher timeframe (daily) hh and ll. i see a 5th impulsive wave down coming i wanted a rejection at 1210 if we have a weekly close above this level i expect gold to go to 1245 as this will be a 2nd trendline rejection its also a weekly key level that the 61.8 fib sits on this is my next strike area if 1210 is violated.
EG has been declining since the 10/2016 creation lower highs and lower lows this entices me to look for short oppertunities. weve been respecting this trendline everytime we approach we recently had 3 daily rejections at the 0.876 level price struggling to go beyond. i also notice a fib correction potential c leg resting at the 50/61.8 as long as price stays below...
