Gold Setup. Midas losing his touch.

has reached an all time high of $3500. It further created a LH @ $3435 in the daily TF. This signals the beginning of a possible down trend of the commodity with the current fundamentals as confluence.

Furthermore, is likely to reach level $3160 and possibly test levels as low as $2960, below the much acclaimed $3000 support structure.

Note

I still am convinced that Gold will most likely head to the south side soon rather later. Technically speaking, I am anticipating a final high, closing around $3420 - provided the current price surpasses the LH of $3360. Next week's fundamentals shall bring much volatility.

Looking forward to the results, its about to get interesting.

Note

Short Term Outlook

These are the links to my short term analysis on Gold.

Before: tradingview.com/x/fKy79Zci/

After: tradingview.com/x/RWoAWilu/

Trade active

Price failed to break above the $3370.00 maxima price level. This validates our range and could prove a sell-off. An entry at $3317.00 has been executed with takeprofits as follows:

- $3210.00
- $3110.00
- $3050.00
- $2940.00

Mosasu.

Dlamini_SS

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Dlamini_SS