GOLD: Bearish consolidation in short term?
Trend is bearish on intraday chart and Gold could consolidate this leg with some corrective structure (ABC or ABCDE Pattern). Having said that, we are following this bounce from 1907 area (daily support) and if it is limited to 1915 area, we cannot rule out the formation of a bearish harmonic structure.
Trade with care
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Trade with care
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Note
💥Attention! Inflation data will be released soon. Potential volatility could cause any Pattern to fail, caution.
Trade closed: target reached
✅ Target Area Hit
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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.