Gold - Inverted Cup and Handle
Normally when markets correct, gold tends to become a safe space..
Unless there is something else where everything is correcting coz of the lack of demand..
This seems like one of those..esp if it breaks down..
Gold is also below the 200EMA...so short gold belo 1890 with a stoploss above 1910.
If it does break and the bulls can't hold on..it could be steep and painful coz of the inverted C&H..
Unless there is something else where everything is correcting coz of the lack of demand..
This seems like one of those..esp if it breaks down..
Gold is also below the 200EMA...so short gold belo 1890 with a stoploss above 1910.
If it does break and the bulls can't hold on..it could be steep and painful coz of the inverted C&H..
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