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GOLD: Potential Scenario and Bearish Forecast
Gold Spot / U.S. Dollar
Short
GOLD: Potential Scenario and Bearish Forecast
By VasilyTrader
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Updated
Jul 16, 2019
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Jul 13, 2019
hey traders,
after reaching 1440 level we see a clear weakening bullish momentum on gold.
with consequent lower highs and rsi divergence, I anticipate a formation of a descending triangle
with the sequence of new lower highs.
many times bears will push the market to 1380 structure support and most likely we will see a bearish breakout
with bullish trend violation.
if I see a bearish breakout I will follow a trading plan that I have recently posted.
just check the related ideas.
good luck
Jul 16, 2019
Note
Seems like we will see a bearish leg down to support
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GOLD: Exhausted Market and Bearish Continuation
by VasilyTrader
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