Gold - Hunting Season is Open - SHORT

I was waiting for price to come back up to the top to publish this idea. Like expressed in previous ideas gold is bearish mid-term and due for a correction to at least $1230. Here at the top, I think, we will range a couple weeks at least giving multiple opportunities to get best shorting opportunities.
TP1 - $1230.
TP2 - $1200.

This is Mid-term opportunity that should play out within second half of 2019 year. Requires patience.

Good luck!

Commentaire:

This idea is not doing well but since it is on weekly TF I would like to see weekly candle close before drawing conclusions. Bat correctly identified potential reversal zone price behaving highly emotional there.

Commentaire:

I shorted at $1390 today. Can not advise it because it is risky. If you decide to do the same handle the risk properly.

Commentaire:

Doubled short at 1406. Let's see how it goes. Waiting for week close to make final decision.

Commentaire:

This Bat pattern got killed this week. It doesn't mean gold will not drop though.
I have created new idea with bigger and better AB=CD Harmonic pattern.

Closing this idea as FAILED.