Decision imminent, only couple days till end of patterns.
Diamond is in principle reversal pattern.
And this time?
Has anybody target for gold 1387 or for silver 20?
Maybe lot of traders got too bearish and it is time to catch them on wrong foot...
I was quite long in bear camp too...
Gold has tried upside already, rejected so far...
I know, there are HS patterns against and lot of other resistance - yearly pivots, POC points, long emas, channels etc...
But who knows?
Or have been diamonds entered from below? Then they are pointing down.
Lets see.
In case diamonds break down for continuation, targets would be gld 975, slv 12.2
So, these diamonds could generate both setups, no matter what side.
Diamond is in principle reversal pattern.
And this time?
Has anybody target for gold 1387 or for silver 20?
Maybe lot of traders got too bearish and it is time to catch them on wrong foot...
I was quite long in bear camp too...
Gold has tried upside already, rejected so far...
I know, there are HS patterns against and lot of other resistance - yearly pivots, POC points, long emas, channels etc...
But who knows?
Or have been diamonds entered from below? Then they are pointing down.
Lets see.
In case diamonds break down for continuation, targets would be gld 975, slv 12.2
So, these diamonds could generate both setups, no matter what side.