Many factors are pointing, that a deeper correction is needed in order to stay on a bull path.
Personally I have closed my longs some time ago and already in a short trade and I intend to keep it running until mentioned levels.
In support of my idea I will add, that IMHO DXY seem to found the double bottom @ 92.6 which will add further fuel to selling gold.
Will definitely consider long position again once market will give me a bit clearer view.
As usual, blame yourself if something goes wrong.
Good luck.
Personally I have closed my longs some time ago and already in a short trade and I intend to keep it running until mentioned levels.
In support of my idea I will add, that IMHO DXY seem to found the double bottom @ 92.6 which will add further fuel to selling gold.
Will definitely consider long position again once market will give me a bit clearer view.
As usual, blame yourself if something goes wrong.
Good luck.
Comment:
See my newer idea, that croocked H&S turned out to be a bearish diamond top.