gold could be up for a significant drop

Aktualisiert
just look at the 4hr chart - mild divergence, flag/triangle consolidation pattern and previous support levels.
IF this support level breaks and holds, there are few other levels below to stop a significant drop down to 1125 or even lower
Snapshot

this would coincide with the potential USD breakout to the topside - which is currently being limited by weekly Ma's:
Snapshot

Trade ist aktiv
short triggered
Trade geschlossen: Ziel wurde erreicht
waterfall! TP1 hit
Snapshot
otw to TP2
pulling stops to BE
Trade ist aktiv
retracement couldnt break the 0.618 nor the 0.382
consolidating now
possibly adding to this with part of previous profits
Snapshot
Anmerkung
Snapshot
Beyond Technical AnalysisdollarGoldHarmonic PatternsshortTrend Analysis

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