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You are using an older version of your browser. Dollar is still strong, and paying interest which Gold does not. The red zones in my chart are possible short entry zones. The green zones are of course take profit areas. This is a follow up to my previous plan: This is Gold at key weekly resistance of After the nice push up from , it has stalled and seems to be going sideways. Mapping out my fibo ratios, I realized that it is nicely sitting at a bearish bat pattern PRZ.
For today's trade, I will extend my stops a little bit further as this bat pattern with its B point at 0. Bulls looking to take control? Is this the moment to buy and hold Gold for what could be an economic recession? On the M15 chart of price, the instrument seems to start a new bearish Elliott cycle. Bullish gartley pattern last week this week ???? Commercials are longer than they have been!