GOLD Divergence/Wedge/Cypher Patterns SHORT

The chart is self explanatory.

Scenario 1:

• - Bears push the price down to around 1300.00 which is between the 61.8% and the 50.0% Fibonacci retracement levels and bounces off any of these two levels to POSSIBLY test the previous high.
  

Scenario 2:

• - Bears push the price down to around 1300.00 which is between the 61.8% and 50.0% Fibonacci retracement levels, instead of bouncing back up, price breaks out the bottom of the rising wedge and the rest is history.
  

What Do YOU Think?
ANYTHING CAN HAPPEN!