Gold (XAUUSD).. likely headed lower !
Nice run.. near term futures topped out at $2506 ...
Short term a harmonic shark term has developed.
Please note this is a 1H view
Momentum appears to have rolled over...
I would expected if we break support at the $2430-33 area this will confirm my analysis and we head down to the $2380-2410 area.
Watch DXY, Interest rates and Mid-Eastern tensions for direction
3 targets are given
Not investment advice.. DYODD.
S.
Short term a harmonic shark term has developed.
Please note this is a 1H view
Momentum appears to have rolled over...
I would expected if we break support at the $2430-33 area this will confirm my analysis and we head down to the $2380-2410 area.
Watch DXY, Interest rates and Mid-Eastern tensions for direction
3 targets are given
Not investment advice.. DYODD.
S.
ملاحظة
Update... all targets hit in a very volatile market.
I would think a buy/cover is in order.
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