Updated

Monitoring Bearish Sentiment 1860?

monitoring the bearish sentiment in Gold, I have no position at the moment but monitoring
Bearish ABCD pattern on the Daily
1) notice the double top from the bearish cypher (A leg) to the Bearish Crab (B) leg
2) Gold hasn't retraced to B leg of the bearish crab (yellow circle)
3) A breach of the B leg of the bearish crab, threatens to invalidate the bullish uptrend
4) Bull Flag set up w/ a bounce from B leg of the bearish crab, something I'm monitoring closely
5) there already has been a positive bounce from B leg of the bearish cypher..

I will also be monitoring the 30min & 1hr time frame of Golds Money Flow and AD.. Not trading or investment advice. Please do your own due diligence

No position, when I do take one i'll likely short or

Note

1hr chart shows bearish divergence by the AD and multiple rejections

Note

I can also see a double top from Sept 12th - Sept 17th

Note

30min view w/ AD

Note

AD view of the 30min chart.. notice the 50 day moving avg has been under the 200 day for over a month.. the AD is attempting a bull flag, but any pop is likely to be shorted, providing a decent entry for calls on or

Note

and I know it to be bearish by the triple top Price Action/AD & Money Flow/ichikou Spann on the 15min chart... i

Note

the head and shoulders is visible on 30min time frame but also showing oversold monitoring for entry

Note

im actually looking for a pop to get into some calls for 2x bear gold etf

not trading or investment advice. this pop will make the entry cheaper

Note

it hit my target?

Note

and now waiting for a possible rejection of the 200 ma by the AD... waiting for confirmation

Note

moneyflow_trader

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.

moneyflow_trader