Gold Spot / U.S. Dollar

Updated

Possible break of long term bullish channel soon

There is a wedge forming out from the channel up. We might get a bearish break out soon if the wave count proves correct.

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And breakout coming through..

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Price needs to build momentum to go further down, lot of power needed to break out of long time bullish structure, but I am quite confident a break continuing the horizontal wedge should come anytime soon.

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DanielKjoelstad

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DanielKjoelstad

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.