My two cents for the GBZ crew!
Massive sell signal on gold. This choppy channel price action is trademark (B) corrective. Bearish engulf on Monday retested with substantial shooting star has led to a 1 hr break of structure. Got a short on silver, selling gold on retracement (if one substantiates). Could be a huge liquidity event in the making where everything goes down. Targeting $1750, or for an extension to take out the stops below $1680. Elliot Wave is forecasting that this will be the final flush (C of wave E) before the huge impulse move higher begins, kind of like a massive head-fake.
Sold some CAI to free liquidity to capitalise on discounts. AUDUSD has a sell signal also so XAUAUD might be bolstered.
All IMO as a forex trader, GL
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