Hi guys, a short/sell opportunity waiting here for the GOLD. We could sell/short aggressively and stop just above the pattern's X point or wait for further price/market action or confirmation. We will see price from here. RSI Divergence is also visible and a possible bearish engulfing candle inside the Cypher PRZ, we will wait for the completion of today's candle....
A potential bearish bat pattern is already completed for us to take another short/sell trade on this market. As the completion of the pattern is also a retest on the previous support and now maybe becomes resistance. Trade at your risk.
Bat Pattern:
XApt - First market swing/leg
ABpt - 38.20% < 61.80% XA leg
BCpt - 38.20% < A point AB leg
Dpt completion -...
