March 9, 2017

  • Gold 1 Hour trending below the cloud. Staying below the cloud Gold bears likely to see 1200 and 1190 levels.
  • 4 Hour chart shows a bearish channel in place. If the channel stays intact, Price likely to target 1187 levels.
  • Warning of a reversal if price moves above 1 Hour cloud.
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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore