1.22-1.26 GOLD Weekly Outlook
Hello traders,
On weekly chart, GOLD has started a dropping leg after double retesting 2070 since early Jan.
It is bearish look on weekly chart as it is getting lower price position beneath EMAS.
On the 4h chart, we can use the downtrend channel to follow gold's bearish swing one by one.
The red one should be the focus one for now. It just starts Wave Red B on this chart, and it would be possible to reach the fibo ext position as marked out on this chart.
GOOD LUCK ON SELLING PLAN OF GOLD THIS WEEK.
LESS IS MORE!
On weekly chart, GOLD has started a dropping leg after double retesting 2070 since early Jan.
It is bearish look on weekly chart as it is getting lower price position beneath EMAS.
On the 4h chart, we can use the downtrend channel to follow gold's bearish swing one by one.
The red one should be the focus one for now. It just starts Wave Red B on this chart, and it would be possible to reach the fibo ext position as marked out on this chart.
GOOD LUCK ON SELLING PLAN OF GOLD THIS WEEK.
LESS IS MORE!
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Waiting for confirming signals.
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Considered as wide range sideways price action first.
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