As mentionned in my previous ideas, i'm always expecting that gold can reach $1282/85 zone to complete a shark bearish and catch the 0.618 fib from XA leg.
If $1282/85 is hit, gold could begin its correction to 1165$ zone towards a 5-0 bullish pattern and bounce on TL again (like it did when it reaches $1190).
In all cases, my view will remain bullish this year as long as prices are playing above $1140, and with a likely target to $ 1350.
If $1282/85 is hit, gold could begin its correction to 1165$ zone towards a 5-0 bullish pattern and bounce on TL again (like it did when it reaches $1190).
In all cases, my view will remain bullish this year as long as prices are playing above $1140, and with a likely target to $ 1350.
Note
Top is likely doneNote
Looking for short position next week with 1163$ as target in 8 weeks.Trade active
Short 1282$.Note
Stop win 1270$ hitted
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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.