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dontdaytrade

Gold Short Opportunity, Still in corrective phase

Short
CFD Oro (US$/OZ) (TVC:GOLD)  
dontdaytrade Aggiornato   
TVC:GOLD   CFD Oro (US$/OZ)
Trend Analysis Elliott Wave wave Gold short correction countertrend
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trendanalysis elliottwaves wave gold short correction countertrend
Gold rejected yet again above that major trendline around 1912.
This opens up a short opportunity.
I will be looking for a retest and resumption downward on the 8 Hrly candles, following one of the two paths (pink or yellow)
snapshot
Commento:
Just noticed it also might have formed a double top, which will take it down to around 1850
snapshot
Commento:
Head and Shoulders. Measured move takes it to my first target
snapshot
Commento:
Played out to a T
snapshot
Looks like it will continue down to the lower target too, but have taken some profits for now.

Idee correlate

dontdaytrade
Updated Gold Short. Corrective phase almost complete.
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