Spot Gold Analysis - The Bear is Ready
Assuming Uptrend still Exists (Probability 1)
- At present, Gold is showing some sign of Bulls' weakness.
And another facts, thinking about the steepness of trend and increasing in volume, Gold market will enter the major(intermediate) correction targeting to 1360 and 1340.
(But meanwhile, it can probably move up a little again but not much. If it happens, that'll be a good opportunity for us to check and confirm the divergence.)
- Anyway, Gold market's correction will begin very (very) soon. Be prepared guys.
(In my opinion, we will see the sharp declines(zigzag structure) during this correction.)
- Expected time for the correction = 3-4 Months
(My analysis is based on Waves, Fibonacci Tools, trend lines and some oscillators.)
Happy Trading
Phyo Ko
(25th July 2019) (23:00 UTC)
- At present, Gold is showing some sign of Bulls' weakness.
And another facts, thinking about the steepness of trend and increasing in volume, Gold market will enter the major(intermediate) correction targeting to 1360 and 1340.
(But meanwhile, it can probably move up a little again but not much. If it happens, that'll be a good opportunity for us to check and confirm the divergence.)
- Anyway, Gold market's correction will begin very (very) soon. Be prepared guys.
(In my opinion, we will see the sharp declines(zigzag structure) during this correction.)
- Expected time for the correction = 3-4 Months
(My analysis is based on Waves, Fibonacci Tools, trend lines and some oscillators.)
Happy Trading
Phyo Ko
(25th July 2019) (23:00 UTC)
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