Gold finds itself in a Rising wedge (which
is a Bearish sign)
There is a potential H&S forming to take it
higher but once the resistance at Target 1
is broken we may see a significant drop in price
My thinking is that leg B of correction ABC is
completed and we can drop to current
position C or even lower
is a Bearish sign)
There is a potential H&S forming to take it
higher but once the resistance at Target 1
is broken we may see a significant drop in price
My thinking is that leg B of correction ABC is
completed and we can drop to current
position C or even lower
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Related publications
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.