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original_moneyflow_trader

Not buying top of a rising wedge gold could drop $100+

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
original_moneyflow_trader Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis
7
0
trendanalysis
4hr time frame shows a wedge, in which the top traders sold out, and new buyers are now bag holders. I'm looking for gold to drop $100, and potentially form an inverse head and shoulders. My target is low 1600, to potential bottom of the channel $1500 very easily
Comment:
daily view
snapshot
still bearish w/ a bearish wave analysis
Comment:
1640 needs to hold for the bulls, to potentially form an inverse head and shoulders. I will be monitoring this level for support, if it give away, then the bottom of the channel for Gold around 1500 is the target
Comment:
bearish ab-cd pattern on daily
snapshot

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