Short
GOLD short (next wave)
regarding my earlier short highlighted 8 days ago on a daily chart, here is a follow up.
after having topped out following a nice rally after the long-term bull-flag pattern (20/21 Sep), we are now in a retracement mode. a 38% FIBONACCI will target 1725$ that is minimum, potentially leading to further correction .
Anyway, we just completed the second minor bear-flag and broken to the downside, hence the next wave is on its way, probably leading already to the first objective 38% = 1725$
cheers KP
after having topped out following a nice rally after the long-term bull-flag pattern (20/21 Sep), we are now in a retracement mode. a 38% FIBONACCI will target 1725$ that is minimum, potentially leading to further correction .
Anyway, we just completed the second minor bear-flag and broken to the downside, hence the next wave is on its way, probably leading already to the first objective 38% = 1725$
cheers KP
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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.