To put things in perspective, the Daily chart is showing a descending triangle formation.
If volume comes into play as expected, prices should rally towards the trendline around 131.00.
That would essentially put the bearish Shark pattern in play.
Back in Mid-March, Gold sold off heavily around 133.00/133.50, leaving me all the more confident a retest will, at the very least, produce a bearish reaction, even if short lived.
That's the nature of Harmonics; they're either going to hold and turn prices, hold and fail, or be completely bypassed with extreme price action.
If volume comes into play as expected, prices should rally towards the trendline around 131.00.
That would essentially put the bearish Shark pattern in play.
Back in Mid-March, Gold sold off heavily around 133.00/133.50, leaving me all the more confident a retest will, at the very least, produce a bearish reaction, even if short lived.
That's the nature of Harmonics; they're either going to hold and turn prices, hold and fail, or be completely bypassed with extreme price action.