Realignment of direction, again on Gold

2020년 10월 22일

Neckline on 4h W structure got broken again. Very perfect for a short scenario.

Daily close below 1902 would mean bears are back.

My scenario would be 1837 for gold preferably. (0.382 of monthly impulse)

I would wait till monday to see COT data. And im expecting more longs closed and more shorts added.