Gold set for a huge correction

15 Mar 2020

Gold had broken the LH's formed and the inner TL, hence my bias has changed to bearish. I am expecting a tap of the outer TL before correcting the move and forming a head and shoulders before the bigger move to the downside comes into play. Take profit for the long term sell from the 1550-1600 levels would be 1250-1275. This would be consider a really good swing opportunity with multiple take profits along the way to 1250-1275

15 Mar 2020

Not

More specifically, looking for shorts from 1550 as the analysis shows, but we cannot rule out the 1600 level though