Finally we see another red candle on goldy. A lot of people said this could be the end for the bull. However, I don't think yet as currently it is only in the middle of the 4th wave. The next two weeks would be crucial. If we see another green weekly candle, we will be on the way to the final wave, which i think will be the end for the bull for this year.
For next week's setup, I will engage selling orders for the first few days while be cautious towards the end of the week. My bearish targets are 3000 and 2960. If either of the two numbers blocks the bear's path, we could a see a rebound.
Let's see how the market plays out next week.
For next week's setup, I will engage selling orders for the first few days while be cautious towards the end of the week. My bearish targets are 3000 and 2960. If either of the two numbers blocks the bear's path, we could a see a rebound.
Let's see how the market plays out next week.
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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.