GOLD !! Expecting to move Down

YO traders,

Gold dropped sharply last week and since then has been in a corrective pattern.

As you can see it has been in a channel. Price has dropped sharply again in the last few hrs to the bottom of the channel.

I am expecting the price to break through this channel and go move down till the next support at 1800.

Lets wait and watch

Please like and support.

Thanks
Madtradex

Commentaire:

Seems like price is forming an inverted cup and handle on the 4 H. bias is still short in this case. lets see how price moves

Commentaire:

congrats to those who got onto this trade. killer gains on this one.
Price touching 200 EMA now and support level. I am expecting a pull back here