GOLD possible big sell off
Alright fellas, here my little hello to 2019. This is my first ever post and I'm gonna keep posting 4 ideas every Saturday or Sunday.
We have a potential drop on gold, for about 6000 pips. We had a long term triangle and a break of that triangle, and we have rejected it with an almost bearish engulfing or even a spinning top. A big rejection of this trend line on the daily confirms that the triangle is valid.
On the 1hr, we have a break of a channel and a retest. I plan to enter after seeing how the market gaps on Monday :)
Comment your thoughts or feedback! I appreciate any help :)
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