Gold at a weekly high - Bearish here we come!
We are at the top of a weekly high.
The impulse to the top is a BIG 4 hour impulse - this means we are looking for a 4 hour correction!
The ascending channel towards the top is confirmation of a fall soon to come.
Keep an eye on what happens inside of that pattern for a sigh that the fall is about to begin.
There is a bearish flag on the 30m signalling a fall - be aware that the first fall will have a big retracement on it before falling again.
The impulse to the top is a BIG 4 hour impulse - this means we are looking for a 4 hour correction!
The ascending channel towards the top is confirmation of a fall soon to come.
Keep an eye on what happens inside of that pattern for a sigh that the fall is about to begin.
There is a bearish flag on the 30m signalling a fall - be aware that the first fall will have a big retracement on it before falling again.
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.