The 30 minute broke the rising wedge upper trendline and then crashed below it after retracing approximately 76.4% of the down move from 2nd of May to the 5th of May .
The weekly chart also has potential to look like a throw over if we have a couple of down weeks, that ultimately break the bottom trend line.
This might be the start of a major sell off in gold.
Intermediate Target on GLD 146.00
No comments:
Post a Comment