Hi traders:
Looking at GOLD for potential sell move down to the previous lows.
We have seen GOLD consolidate for a while since the strong bearish drop from early August.
Price has been in a side way consolidations, and we see many LTF corrections and impulses.
Latest price shows a recent double tops, and price impulsively break below the correction its in, could signal the beginning of the next bearish run.
I would wait for the LTF correction to form here and complete before adding a sell down to the lows.
Thank you
Looking at GOLD for potential sell move down to the previous lows.
We have seen GOLD consolidate for a while since the strong bearish drop from early August.
Price has been in a side way consolidations, and we see many LTF corrections and impulses.
Latest price shows a recent double tops, and price impulsively break below the correction its in, could signal the beginning of the next bearish run.
I would wait for the LTF correction to form here and complete before adding a sell down to the lows.
Thank you
Note
Look for more continuation structure to bring the price down lower/Note
Related publications
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.
Related publications
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.