Inverted head and shoulders formed on gold. Possible sell opportunity around the 38.2 area
As ugly as it looks, gold did drop and may continue to drop some. May see some upward movement from this area but I predict gold to drop some more.
The drop is happening as predicted. We had a little upward movement last night. But since us open, it’s been dropping.
Update. Gold is continuing to drop. I stated before that it would continue to drop and it is. It’s respecting the fib.
With everything going on with the dollar. DXY will take a hit which will cause gold to drop