Gold (XAUUSD).. likely headed lower !
Nice run.. near term futures topped out at $2506 ...
Short term a harmonic shark term has developed.
Please note this is a 1H view
Momentum appears to have rolled over...
I would expected if we break support at the $2430-33 area this will confirm my analysis and we head down to the $2380-2410 area.
Watch DXY, Interest rates and Mid-Eastern tensions for direction
3 targets are given
Not investment advice.. DYODD.
S.
Short term a harmonic shark term has developed.
Please note this is a 1H view
Momentum appears to have rolled over...
I would expected if we break support at the $2430-33 area this will confirm my analysis and we head down to the $2380-2410 area.
Watch DXY, Interest rates and Mid-Eastern tensions for direction
3 targets are given
Not investment advice.. DYODD.
S.
Note
Update... all targets hit in a very volatile market.
I would think a buy/cover is in order.
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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.