Gold seems like forming an inverted H&S formation (blue rectangle) that we believe it is a fake one .On the contrary we believe that gold is possibly forming a rising wedge (usually a bearish formation) pointing to around 1240$ where there is a resistance zone.
Gold Miners (GDX) formed a triangle that we believe (70%) it will break up (fake move?) towards 21-21,5 where probably will bounce and reverse
A possible very bearish EW count
Gold Miners (GDX) formed a triangle that we believe (70%) it will break up (fake move?) towards 21-21,5 where probably will bounce and reverse
A possible very bearish EW count
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