I am looking to short at 1753.
Should gold manage to hit that level in a nice and swift price action we should see at least a decent reaction due to a pretty tight Cluster of:
- Strong harmonic formation - Crab
- 0.886 of the whole downtrend;
- wide Head and Shoulders formation with the left shoulder at 1747.47 earlier (not visible in this shot) and also a local resistance level to the right of the Head;
- FE161.8
- 1.618 of the last downslide on 05/06/2020
- FE100 of the yesterday's euphoria
Best of luck fellow Traders =)
Should gold manage to hit that level in a nice and swift price action we should see at least a decent reaction due to a pretty tight Cluster of:
- Strong harmonic formation - Crab
- 0.886 of the whole downtrend;
- wide Head and Shoulders formation with the left shoulder at 1747.47 earlier (not visible in this shot) and also a local resistance level to the right of the Head;
- FE161.8
- 1.618 of the last downslide on 05/06/2020
- FE100 of the yesterday's euphoria
Best of luck fellow Traders =)
