#100 - #150-point decline ahead

16 thg 9

Quick update: Gold delivered Neutral Rectangle breakout and marching towards #2,600.80 psychological benchmark. I am of course on sidelines comfortably monitoring the Price-action from sidelines as first re-Sell signs are slowly re-appearing. Gold is on Long-term Bullish trend since mid-October #2023 however Ultimate Top should be near. Gold gave away the early session Profit and reversed inside the newly formed Hourly 1 chart’s Ascending Channel for a new Resistance zone test. You may take some time on the side to continue Trading this range, but the overall critically Bearish larger charts will eventually prevail. #2,592.80 - #2,600.80 is ideal re-Sell zone as #100 - #150-point decline is ahead and ready to be utilized (optimal Target remains #2,452.80 benchmark. My suggestion for Traders with smaller margins is to stay away from current Price-action. Patience is required prior Trading Gold currently.