Gold: Support taken out, AB=CD in progress
Chart Setups:
1-Bearish harmonic AB=CD is in play now after clearing 1142.00.
2- A breakout below 1130.00 will accelerate.
3- trend and momentum indicators are negative despite RSI entering oversold regions.
4-Fibonacci projection of 200 % for the BC leg is at 1053.00.
1-Bearish harmonic AB=CD is in play now after clearing 1142.00.
2- A breakout below 1130.00 will accelerate.
3- trend and momentum indicators are negative despite RSI entering oversold regions.
4-Fibonacci projection of 200 % for the BC leg is at 1053.00.
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