DislikedTHIS IS NOT ADVICE TO BUY OR SELL THIS ASSET, AND CONSISTS ONLY OF PERSONAL ANALYSIS. When we look at the daily chart, gold has already reached the first two Fibonacci pivots since its retracement and breakout (and the most common ones before a correction, before correcting). It would not be surprising if gold were to correct, but this would be in a common scenario, which is not the case we are in (The Volume Profile indicates that the equilibrium point would be at $4,600, again, which would make sense for a correction to that price if we were in...Ignored
As expected, gold corrected, but I tell you, this impressed me a lot! I was expecting something between 3% and 5% devaluation, but this only shows how extremely sensitive the market is to the herd effect. I hope you didn't blow up your accounts today. Tomorrow (or in this case, Monday haha) will be a new day, and we will trade again. For now, I don't have much to say about what the path of gold will be, well, I'll see that on Monday, I'm just going to enjoy my beer, have a good weekend everyone!!
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I’ve completely given up on this market. I don’t even care is Trump bombs Iran & the market opens with gap to 5000 at this point. It ain’t worth the risk, I spent this whole week building profit and not a single day is loss for me. Next week, I’m going to trade currency pairs 
unless gold looks somewhat normal again, I’m not touch metals 
I use 9 & 26 For me 9 is oversold for both 1H & 4H at 12 & 14 respectively, while 26 is above oversold for both 1H & 4H at 33 & 53 respectively
but $800 dump in less than 24hrs is not a correction. It’s a murder spree 
someone decided to kill off retail traders just before the weekend so they have no hope to recover their losses till next week
,4candlesnw 4824 can reject/break
