Long
Bullish wedge on gold
Seeing a bullish wedge on gold that started forming late August / early September. Looking for 1 more touch on the lower end next week (likely around $1715) which will coincide with a Daily Cycle low.
The same pattern is also forming on the $HUI.
This would also coincide with the DXY hitting the top end of a bearish expanding wedge.
Breakout and upwards to follow in gold. The lows are in.
The same pattern is also forming on the $HUI.
This would also coincide with the DXY hitting the top end of a bearish expanding wedge.
Breakout and upwards to follow in gold. The lows are in.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.