Gold short term bearish long term bullish
Bearish short term:
-Break out of triangle pattern with no retest of support (yet)
-Massive wick = massive sell pressure
-Buy levels $1800-1850
-Bearish stoch RSI cross
-Bearish green/white histogram on MACD
Long term:
-Elliott wave 5 not completed, targets $2315 (1.618) and $2575 (2.272)
-Break out of bullish pattern without creating a new high (yet)
-Wave 3 went to the 3.272 fib level
-Break out of triangle pattern with no retest of support (yet)
-Massive wick = massive sell pressure
-Buy levels $1800-1850
-Bearish stoch RSI cross
-Bearish green/white histogram on MACD
Long term:
-Elliott wave 5 not completed, targets $2315 (1.618) and $2575 (2.272)
-Break out of bullish pattern without creating a new high (yet)
-Wave 3 went to the 3.272 fib level
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