Gold Correction Almost Complete
The move gold will make is quite clear now assuming it is setting up a bear flag at the moment (which looks like it's breaking down as I type this).
The measured move lines up perfectly with the lower support from the wick.
If we wick off there and closer back above the upper support, I will be going long.
The measured move lines up perfectly with the lower support from the wick.
If we wick off there and closer back above the upper support, I will be going long.
Note
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I am not buying this rally yet. There still hasn't been a retest and resumption of any of the support on the 8hr timeframe, which is the most reliable.I would like to see a liquidity grab with a wick down to the bottom support just to take out all the people going long too early.
If not, I will be looking for a retest and resumption of the red S/R line it is currently sitting on
Note
Profits taken here, expecting some sort of pullback 
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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.