In my Gold sell idea post, I mentioned that the price has reached a key resistance zone and I'm looking for another wave up that will also complete a bearish divergence on the H4 chart and then we may expect the price to move lower further.
The price action followed my analysis and moved as per the plan here. The price created one more wave up and completed the bearish divergence. The price then moved lower further and has delivered an wonderful move to the downside so far!
Original idea
The price action followed my analysis and moved as per the plan here. The price created one more wave up and completed the bearish divergence. The price then moved lower further and has delivered an wonderful move to the downside so far!
Original idea
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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.