Previously i posted an idea about reversal from 4h trendline. It turns out that gold still continue to fall down until it touch 1900 which is a .382 fibonacci line.
From this movement i think there is two possibility which is continue the bearish movement hence align with falling wedge pattern (black line) until .500 or .618 fibonacci line and then make a reversal.
OR
Directly make a reversal and retest the 1933 resistance again.
Personally i think it will continue to fall down until .5 and then make a reversal. So i will make a short term short and then wait for the reversal.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.