ABC and FIBS - Gold is falling in Dec 2022
ABC pattern - currently on 2 wave.
retested 1788 and got rejected - now going higher to 1796 ( the fake break out ) before starting a noticable fall.
we are heading back to the 1756 region but I think it will take 2-3 weeks ( end of Dec 2022 - early Jan 2023)
awaiting confirmation of the rejection of the 1794 level ( and double top)
and then retracement
1797 is a strong area going back to Jun 2022 & Aug 2022 & even Oct 2012 & Nov 2011 !!!
( have a look and you will be amazed ;-)
short scenario with a nice 5 RRR but long term trade
as always TRADING IS ABOUT STRATEGY AND NOT GUESSING THE DIRECTION
retested 1788 and got rejected - now going higher to 1796 ( the fake break out ) before starting a noticable fall.
we are heading back to the 1756 region but I think it will take 2-3 weeks ( end of Dec 2022 - early Jan 2023)
awaiting confirmation of the rejection of the 1794 level ( and double top)
and then retracement
1797 is a strong area going back to Jun 2022 & Aug 2022 & even Oct 2012 & Nov 2011 !!!
( have a look and you will be amazed ;-)
short scenario with a nice 5 RRR but long term trade
as always TRADING IS ABOUT STRATEGY AND NOT GUESSING THE DIRECTION
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