Technicals :
-Elliot corrective wave , WXY pattern in long term temporality.
-Chartism shows bear wedge.
-4h ABCDE Elliotist pattern.
US Dollar looks its going to give a short term rally , comparing to DXY, shows to be bullish this coming week.
After this bull rally , it's common that the price exhaustion make the gold price go back in a short term correction.
Let's stablish some bear chart, in this escenario until price shows a diferent setup.
Watch your risk traders , and don't forget to follow if you wan't more.
Invalidation :
1992.504 USD$
Entry ponint :
1937.967 USD$
TP TARGET :
1815.834 USD$.
-Elliot corrective wave , WXY pattern in long term temporality.
-Chartism shows bear wedge.
-4h ABCDE Elliotist pattern.
US Dollar looks its going to give a short term rally , comparing to DXY, shows to be bullish this coming week.
After this bull rally , it's common that the price exhaustion make the gold price go back in a short term correction.
Let's stablish some bear chart, in this escenario until price shows a diferent setup.
Watch your risk traders , and don't forget to follow if you wan't more.
Invalidation :
1992.504 USD$
Entry ponint :
1937.967 USD$
TP TARGET :
1815.834 USD$.
