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Gold Tactical Update: 120M 9 buy within bear

investorcharts.net

Gold Tactical Update: 120M 9 buy within bear

PetrTrades
Apr 20, 2022
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Gold Tactical Update: 120M 9 buy within bear

investorcharts.net

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.

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Gold Tactical Update: 120M 9 buy within bear

investorcharts.net
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