Hello traders This is my new Idea about Gold based on Harmonic Elliot Wave Method I decided to publish that although I think it is a little Riskily ! As I see here I can see three Technical reasons for Having a drop for Gold in coming days which I described in analysis I hope It would be helpful for you !
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The other reason that I think that The Gold will have drop is that the Market's effect on Important fundamental news for USD was not very much than I expected (in 15th December)
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First target is 1730 and the second target is 1688 !
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Still Valuable. Stop Loss is 1835
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Although with a false breakout our stop was hunted but this analysis is valuable maybe we can open new trade with stop 1855 !
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I think it is a market trap for stop hunting the gold should have a drop !
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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.