Gold- Is this correction over?
In my yesterday's comment I said that, in my opinion, the rise from 1690 support is just a correction, not the start of a new bull leg and my opinion remains unchanged.
This correction has continued yersterday and as I expected, a spike above 1730 took place.
However, looking at the posted chart we can clearly see that the structure lacks impulse and is overlapping suggesting that a reversal is imminent.
A first indication that the correction is over comes with a break under short term trend line with further contirmation with a drop under yesterday's low.
I'm looking to sell Gold
This correction has continued yersterday and as I expected, a spike above 1730 took place.
However, looking at the posted chart we can clearly see that the structure lacks impulse and is overlapping suggesting that a reversal is imminent.
A first indication that the correction is over comes with a break under short term trend line with further contirmation with a drop under yesterday's low.
I'm looking to sell Gold
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