Gold Caught In Daily Trap!!
Good Morning Traders! My previous bearish analysis is still valid. I found even more confluence for a big shift to the downside. Upon analyzing Gold I spotted a Triangle on the Daily time-frame. Price is currently trapped within the end of the Triangle. A major shift has to occur in favor of the bulls or bears this week. I'm siding with the Bears for a few simple reasons. From a weekly standpoint, price failed to create a newer high, which prompts price to complete its weekly retracement. I predict a meltdown towards $1865 is in sight. From current price that would be over a 400 Pip move. AKA Nice growth for an account...
All Likes And Comments Are Appreciated.
What is your prediction on Gold?
All Likes And Comments Are Appreciated.
What is your prediction on Gold?
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Feragatname
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.