GC> long or short
Gold could be a long or short depending on this 4 hour candle close. The triggers for a long and short are shown. My bias is short because,
1. Resistance needs to be broken and resistance happens to be the often strong 786 fib line
2. Upward wedge often means down move.
However be prepared for a move in either direction as both scenarios are possible.
Please like and follow if you enjoy my charts
Ms Bunny
1. Resistance needs to be broken and resistance happens to be the often strong 786 fib line
2. Upward wedge often means down move.
However be prepared for a move in either direction as both scenarios are possible.
Please like and follow if you enjoy my charts
Ms Bunny
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