As mentionned in my previous ideas, i'm always expecting that gold can reach $1282/85 zone to complete a shark bearish and catch the 0.618 fib from XA leg.
If $1282/85 is hit, gold could begin its correction to 1165$ zone towards a 5-0 bullish pattern and bounce on TL again (like it did when it reaches $1190).
In all cases, my view will remain bullish this year as long as prices are playing above $1140, and with a likely target to $ 1350.
If $1282/85 is hit, gold could begin its correction to 1165$ zone towards a 5-0 bullish pattern and bounce on TL again (like it did when it reaches $1190).
In all cases, my view will remain bullish this year as long as prices are playing above $1140, and with a likely target to $ 1350.
Comment:
Top is likely done
Comment:
Looking for short position next week with 1163$ as target in 8 weeks.
Trade active:
Short 1282$.
Comment:
Stop win 1270$ hitted
