Lately i did a WEEKLY analysis for longer timeframe target which Gold is on correction Wave 4 trying to move to Wave 5. But, today in DAILY Timeframe i see a bearish pattern.
So here’s my analysis for DAILY tf, as you can see from the wave it’s on a ”Wave E” block by a resistance from the trendline with Bearish Flag pattern.
Anticipation for shorter timeframe : If it BREAK DOWN, the Bearish Flag success, let’s see the reaction on both red marked support area.
Disclaimer On
“I might be wrong”
So here’s my analysis for DAILY tf, as you can see from the wave it’s on a ”Wave E” block by a resistance from the trendline with Bearish Flag pattern.
Anticipation for shorter timeframe : If it BREAK DOWN, the Bearish Flag success, let’s see the reaction on both red marked support area.
Disclaimer On
“I might be wrong”
Trade fechado: stop atingido
