Expecting Bearish Move on GOLD

2023年11月25日

Price is indicating formation of a potential Double Tops or M-Pattern whereby the price tested the 2nd leg of M-Pattern in a Corrective manner, hence we call an Ascending Channel. So we waiting to see an impulse break followed by continuation Correction then look for entry.

2023年12月7日

ノート

The price evolved from the previously predicted idea, due to an effect on the News release price continuing to push up completing the HTF structure which can be referred to as a strong zone, however I personally prefer to refer to this as a HTF Double Top, looking at the most recent price action. Hence this still validates our setup due the following confluences: HTF DOUBLE TOPs, Price Moving up correctively in the MTF/LTF within the Structure, also price already presented a Reversal Impulse breaking an ASCENDING CHANNEL, Therefore we shift to the LTF to look for development of the Continuity Correction to push the price to the downside.