Gold Short Term Sell Idea
H4 - Triple wave to the upside which ended with a bearish divergence.
Currently it looks like a correction is happening.
After the first leg to the downside, it looks like a flat correction is happening in the form of a range now.
Until the top of this range holds my short term view remains bearish here and I expect the price to move lower towards the key support zone formed by the 38.2% - 50% Fibonacci retracement zones of the triple cycle.
Currently it looks like a correction is happening.
After the first leg to the downside, it looks like a flat correction is happening in the form of a range now.
Until the top of this range holds my short term view remains bearish here and I expect the price to move lower towards the key support zone formed by the 38.2% - 50% Fibonacci retracement zones of the triple cycle.