As the market close at double top, with low balance volume , that's mean it create divergence on weekly MACD ,MA O and Volume, let's say the bullish trend is weakened , Gold oversold condition followup by its peak 5th wave pattern on 1 hour TF , gold has a Huge potential making downwards move, these is not a confirmation of bearish trend yet!! , but we'll have to observe for upcoming weeks, this either a 5 descending move as gold usually make before gold explode for more bull, or it might be a big ABC short (sell). these is my view IF the gold price don't Break These week High.
Kommentera:
wooohh that really a HUGE Short there