LucasMatthew
Education

GOLD patterns bigger picture

OANDA:XAUUSD   Gold Spot / U.S. Dollar
so just have a look right at both price bars and ask yourself at this current moment do you really think gold is still gonna move higher ? yes might creep up a little bit more but this does show more signs for moving lower again at some point in time

my overall bias for gold is to move higher eventually but i cant see this happening anytime soon and just look at the size of the last corrective phase ? course there's going to be buys and sell within this structure zoom out and just look at price action

this tells you everything you need to know but yes this could all fail and gold could just fly to the moon but just be aware that this shows signs of moving lower

hope this help a few as i've been getting a lot of messages about gold this is just what i see has anything can happen

hope you've all had a great weekend lets get some profits :)
Feb 04
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