Simple Trading: Rising Wedge Pattern
GOLD has been trailing up for the past week. The Price of gold has currently broken below the rising wedge pattern, which means a huge sell-off may occur. At the moment, we are waiting for the retest of previous support to confirm new resistance. Once the New resistance is confirmed, we will see price reject the 2680-90 area and push toward the new bearish target of 2615. Pay close attention to the smelling time frames. Look for FVG's to take sell positions
GOLD has been trailing up for the past week. The Price of gold has currently broken below the rising wedge pattern, which means a huge sell-off may occur. At the moment, we are waiting for the retest of previous support to confirm new resistance. Once the New resistance is confirmed, we will see price reject the 2680-90 area and push toward the new bearish target of 2615. Pay close attention to the smelling time frames. Look for FVG's to take sell positions
Note
**NOT "smelling timeframes" hahaha but instead "smaller timeframes" 
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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.
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.