I don't like this...
Gold has been falling.
And Catching a falling knife, is not fun.
From Weekly Chart, inner wave (blue) has reached 4L wave target.
Bigger downwave (black) target is $1013 - which I don't think this can happen.
I am really HOPING gold can go up.
but I need a convincing reversal candlestick pattern to enter Long.
Gold price is trading below EMA20, EMA50, and EMA200.
STRONG bear.
Stochastic is no where at low.
Monday market is tend to go lower from current price $1222.
Towards $1200 or $1170.
Let's see.
And Catching a falling knife, is not fun.
From Weekly Chart, inner wave (blue) has reached 4L wave target.
Bigger downwave (black) target is $1013 - which I don't think this can happen.
I am really HOPING gold can go up.
but I need a convincing reversal candlestick pattern to enter Long.
Gold price is trading below EMA20, EMA50, and EMA200.
STRONG bear.
Stochastic is no where at low.
Monday market is tend to go lower from current price $1222.
Towards $1200 or $1170.
Let's see.
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