Previous Gold analysis hit target : What Next
Our Harmonic analysis of Gold went as per our speculation and hit Point C from where it found support and moved up to retest 50% retracement and we can see strong rejection ,
Recently we can see 1 more harmonic bearish structure on 50% retracement ,
We were expecting some resistance @ 100% of CD and as price has been sent back from 50% strengthens our view of more bearish pressure in coming days ,
Also to be noted that we are still waiting 0.382 retracement of recent swing in daily chart towards 1380.
Recently we can see 1 more harmonic bearish structure on 50% retracement ,
We were expecting some resistance @ 100% of CD and as price has been sent back from 50% strengthens our view of more bearish pressure in coming days ,
Also to be noted that we are still waiting 0.382 retracement of recent swing in daily chart towards 1380.
Trade closed: target reached
1.618 retracement hit ,
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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.