Gold Tactical Update: 120M 9 buy within bear
We are still higher time frame bearish on the gold market. Clear DeMARK 13 Sequential off a failed Propulsion level. We are close to triggering the prop down to 1913.
On a tactical basis, we did respond the the 9 buy setup via the 120m chart. I would wager that the short story doesnt change much unless we go above 1970. Still would be doing risk-reward shorts if we rally from here and if it works, first target 1920.
Impulsive fractal targets down to the 1810 area higher time frame.