Gold Spot / U.S. Dollar
Short
Updated

GOLD Still Looks Bearish. Possible ABCD Pattern Forming...

391
Price is trading below major QP 2700. If this level can hold as res, we will be looking to sell.

- Multiple rejections at the 62 fib
- Shooting Star pattern at major QP
- New LH
- Bearish divergence

Waiting for more confirmation...
Trade closed: target reached
Hit final target +750 pips

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.