TheAnonymousBanker

GOLD: Bearish consolidation in short term?

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OANDA:XAUUSD   Ouro/Dólar Americano
Trend is bearish on intraday chart and Gold could consolidate this leg with some corrective structure (ABC or ABCDE Pattern). Having said that, we are following this bounce from 1907 area (daily support) and if it is limited to 1915 area, we cannot rule out the formation of a bearish harmonic structure.

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Inflation data will be released soon. Potential volatility could cause any Pattern to fail, caution.
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By Anonymous Banker
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