GOLD (GC1!) Mid Term Bias Update

GOLD has now reached the 0.382 fib point of the most recent weekly wave.

As I have mentioned on my previous weekly analysis, this was the first zone to start looking for shorts.

For now, wait to see how price reacts in this area.

Comment:

Keep in mind, do not have FOMO if you miss the initial short. If this truly is the fib level that will begin the new mid term down trend, price will retest this area.

Be patient.