Gold is losing its worth

2020년 8월 14일

Bearish Pennant after Downtrend
Bullish Breakout occurred so that previous sellers in the continuation pattern get liquidated
The bulls got depleted after reaching 50% Fib, Gold could start moving in its intended direction once more!
With a downtrend market structure, I'd say that the price should surpass the previous low, so that's where my T/P is
It's 6 R/R trade, with S/L at 1975.341 and T/P at 1865.2

2020년 8월 14일

노트

Also, if you notice, the volume is dropping during the uptrend as well.
The bears are coming back, babyyyyyy!!!!