THE 2 OPTIONS FOR GOLD

17 oct. 2021

As of right now I'm bearish with gold their is a bullish bat harmonic that shows it wants to come down to 1600-1650 area before going into a bullish movement. However their is always the possibility that it will come up to the top of the trendline before making downwards moves. IMO it doesn't make sense since this huge trendline only gets touched after a while of movement. So it would make more sense if it came down and began making movements towards the top of the trendline and collecting buyer liquidity than possibly breaking into Higher highs. either way either are options so if it decides to go one way you know it'll go that way or if it wants to go bullish early it could go the other way. Also its good to note when i had a fib retracemnt on this it showed A PERFECT movement to .5 which will be around 1780 and so TP3 for me will be about 1712-1715.