After a very large and sudden 7% drop, GOLD has not bounced at all and has become trapped within a tightening price band suggestin bearish continuation. 4 hour MACD is curling over towards the centre point suggesting a reversal may be coming soon, perhaps as DXY makes its next move. If price is in an ABC then next target is not $1.6K area. If its a wave 3 then expect fireworks and I will be making a thread for that outcome also.
I'm short here again.
Not advice.
I'm short here again.
Not advice.
Note
Note
Getting close.Note
Big star into 0.382, could be a retracement top Note
Evening star through and back through 200Dma with star tagging 0.5 fib. Will be heading down soon enough.
Your FA guru can't read a chart💭
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.