Bearish short term: -Break out of triangle pattern with no retest of support (yet) -Massive wick = massive sell pressure -Buy levels $1800-1850 -Bearish stoch RSI cross -Bearish green/white histogram on MACD
Long term: -Elliott wave 5 not completed, targets $2315 (1.618) and $2575 (2.272) -Break out of bullish pattern without creating a new high (yet) -Wave 3 went to the 3.272 fib level
Forgot to mention, Gold looks extremely bullish on the monthly. Stoch RSI crossed bullish and MACD histograms about to turn green. Short term correction before impulse.