Gold price is trading in a reversal falling wedge. These wedges are my favourite, and they are 80% accurate, especially when it happens in GOLD.
The pattern is not complete yet, wait for a confirmation after breaking out to the upside, then watch price structure ranging above the wedge before going higher.
The pattern is not complete yet, wait for a confirmation after breaking out to the upside, then watch price structure ranging above the wedge before going higher.
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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.