Things aren't looking well for gold. Not sure yet, but if this level breaks Im going fora short
I am being patient and waiting for chart. Thought I'd chime in since bears have news on their side. SL is below structure. Respect the patterns.
For Bull biased traders: Here's a simpler. Naked chart for anyone not already in longs from 1700. 1-1 RR on conformation once target hit, shed for BE. Go to the moon.
I've played some risky hands this year. Here's another. We can't be to sure of anything priced out that far into future but I haven't gotten any SELL confirmations as of yet. Since that is the case, we follow our guide. Gold very well could be bearish, so keep your SL's tight and ready to go bear if necessary. As of now though, trade the chart.
You guys that followed last idea should still be in longs or in cash. Shed profits on longs from last week. Add-on support bounce. If in cash, consider the risk you take on buying on open or support bounce. Our range is tightening and 1750 isn't promised.
1739 1751 Cant stress enough; do not buy before resistance breaks. lol
Just observing the full retrace. No trade here.
Watch next week for this candle's close.
SL is trendine resistance from wedge
Wait for this to all to come to but I have my suspensions and ready to long if price action plays out.