the Gold spider
Gold daily bearish divergences are warning of a pullback. It certainly can go higher to take out stops above 2100 but I don't that rally would last. Maybe demand for the USD is coming again as everyone is bearish on the dollar at this point.....
Various lines on the chart can be targets.
This is very similar to a Wyckoff distribution top so a thrust slightly higher is possible but in general I see this as a topping pattern and not a consolidation before a move up.
Good luck!
Various lines on the chart can be targets.
This is very similar to a Wyckoff distribution top so a thrust slightly higher is possible but in general I see this as a topping pattern and not a consolidation before a move up.
Good luck!
Note
pullback so far, weekly candles look toppy to me. 
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.