-Area to watch 1869-75, Break below would indicate the breaking of the bullish structure (trendline from 1680), The holding of the area would result in the revisiting of 1890 with a possibility of 1900.
-Bias towards short however, data from Inflation Rate YoY and Core Inflation Rate YoY could invalid the short bias.
-Possible downside targets 1875, 1866, 1858,...
Possible Silver long due to the presence of the harmonic Cypher pattern. Key thing to watch for, the rejection the EMAs.
Targets has been marked as small white lines. Stop loss to put in place accordingly. This is not a financial advice, enter at your own risk.
Gold weekly chart gives us a clear visualisation of the bigger picture after an aggressive bullish trend that lasted for months, the price has finally reached its all time high at $2075.282 printing the August 2020 monthly candle as a spinning top that signalled a trend change in this case, which is the current downtrend.
The price made another aggressive bullish...