📉 Gold Futures Parabolic Rise

16 พ.ค.The black curved line on the chart is called a "parabola," as in "parabolic rise."

A parabolic rise tends to lead to a very strong correction.
The only way to sustained a parabolic rise is... Well, it is impossible, the Gold market fluctuates between up and down.

The peak, ATH, happened on the 8-April weekly session.
This session ended with a long upper shadow followed by a local lower high.

The whole chart structure has bearish potential.

I am here trying to predict a reversal, which is something very hard to do.
In order to predict a change of trend, we always have to jump in when things are not looking the best.

By the time the signals are clear and confirmed, Gold will be trading at $2,300 or below $2,250. I personally wouldn't wait for those.

➖ Some people trade the breakout with low risk;
➖ Some people trade before the breakout with a tight stop-loss and still very low risk but a higher potential for reward.

What you choose, is up to you.

My mission is to alert of the move before it comes.

After the bearish comes a bullish wave.

Thanks a lot for your continued support.

Namaste.