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...
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What is your prediction on Gold?
All Likes And Comments Are Appreciated.
What is your prediction on Gold?
