Gold Still Falling with nearly 500 Pips from Monday Open

8 сент. 2021 г.

I had this thought about Gold last 2 weeks about Gold Price.

1. Gold retracement from huge fall is crazy.
2. I always have this mind gold will need to go lower in weekly before making higher in monthly. or daily.
3. that is just my thought.
4. so now gold is falling nearly 500 pips.
5. I saw a divergence in stoch last week. or event before it reaches the 1830. or 1800.
6. divergence trading can still be of confusion to me.
7. currently gold respect the daily supply zone or resistance level.
8. The current fall might be of forming a 3rd wave form of elliot wave.
9. I see 1760 is of strong level cause it have fresh demand level.
10. I am still bearish of gold from today.
11. gold might move up a bit if it makes a reversal pattern like triangle, double bottom or triple bottom.