gold will correct

Let's look at gold.
We have experienced a clear trend point in the gold last week.
For one thing, the trend line has been broken and, secondly, we have a deeper deep.
The 200 EMA has not shown any strength which is why I believe that she serves as a bad short start.

I assume that we will have a return to the blue marked zones. I think that the first and the last blue line are the most important (Fib Retracement)
As soon as the first reversing candles appear I will position myself short.

PS: It is once again more exciting to see that the long-term upward trend has turned exactly at the 88er fibunacci.

enjoy the way

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