GOLD MAJOR CORRECTION MAY HAPPEN
Dear Traders,
I believe very strongly that whatever happens on Gold at this week's market open is a major manipulation of the market. I was expecting a slight spike above the previous All-Time-High, then a correction to the 18xx one before any major move to the upside.
As you can see price finds its way back into the channel I marked out and has been consolidating for a few days.
Would like to see a bullish bodily close above 2075 before I can belive this metal is ready to rally to the upside again.
Let's trade carefully and let's be sure we are waiting on price action and not what we think.
Play safe if you are buying this pair.
I believe very strongly that whatever happens on Gold at this week's market open is a major manipulation of the market. I was expecting a slight spike above the previous All-Time-High, then a correction to the 18xx one before any major move to the upside.
As you can see price finds its way back into the channel I marked out and has been consolidating for a few days.
Would like to see a bullish bodily close above 2075 before I can belive this metal is ready to rally to the upside again.
Let's trade carefully and let's be sure we are waiting on price action and not what we think.
Play safe if you are buying this pair.
Comment:
This earlier idea actually validates sell Continuation
FINSPOT ACADEMY