Wealthninja

GOLD - SAFE HEAVEN

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold had a great bullish run last week, but by the forces of gravity "What goes up must come down".... With a Bearish Gartley firing off last week on the 4HR TF, we can start looking for the reversal. What we need is a confluence of triggers being the bearish gartley, retest of the daily trendline (3rd push is the strongest)... I'm expecting Gold to rise on Monday and trap buyers and consolidate with the reversal coming around on Wednesday, a confirmed trend change downwards, we will look for a strong close of the 1HR candle below the 50 EMA.
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