Gold is trading within a rising wedge pattern, showing consistent higher lows and repeated rejections near the 3400 resistance zone.
Price is now approaching the upper trendline, an area of prior wick rejections and potential liquidity grab.
A confirmed breakout could signal continuation, while failure to sustain above this level may indicate bearish divergence or a reversal setup.👀📉
Price is now approaching the upper trendline, an area of prior wick rejections and potential liquidity grab.
A confirmed breakout could signal continuation, while failure to sustain above this level may indicate bearish divergence or a reversal setup.👀📉
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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.