GOLD:SELL From BAT Pattern Resistance For a New SHORT Setup ⚡
Updated
GOLD prices are ready to enter holiday mode as the sell-off in the bond market has exhausted itself. Gold got a modest boost after lower inflation boosted consumer confidence and pushed risky assets higher. It looks like gold will have a hard time approaching the $1850 level unless there is a major new catalyst. Today the economic news, in detail, the Key events USA – GDP (QoQ) (Q3) and the USA – Initial Jobless Claims can give a new boost for the USD to recover the recent short decline of the lasts sessions and let's drop the GOLD before the end of the Year. We have recognized a BAT Pattern, interesting cause the price is in the accumulation area and we can see soon an explosion of the price, Bearish from our point of view.
Comment
Trade closed: target reached
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