GOLD - The Next Big Drop!

Gold has been playing out perfectly. In our last analysis, we were short from the ascending correction and price moved down nicely. We are now in a correction and looking for rejection the 1780-1785 level where we have the descending trendline, fibonacci and structure level.

Waiting for gold to make one more move higher before entering shorts back down to the -0.27 fibonacci which lines up with the previous lows.

Goodluck and trade safe!