Gold Short Opportunity, Still in corrective phase

2020년 10월 22일

Gold rejected yet again above that major trendline around 1912.
This opens up a short opportunity.
I will be looking for a retest and resumption downward on the 8 Hrly candles, following one of the two paths (pink or yellow)

2020년 10월 22일

노트

Just noticed it also might have formed a double top, which will take it down to around 1850

2020년 10월 26일

노트

Head and Shoulders. Measured move takes it to my first target

2020년 10월 28일

노트

Played out to a T
Looks like it will continue down to the lower target too, but have taken some profits for now.