Gold Sell the Rising wedge.
Updated
Gold - Intraday - We look to Sell a break of 1823.8 (stop at 1834.1)
Price action has formed a bearish ending wedge formation.
We are trading close to the end of an ascending Ending Wedge Formation.
Daily signals are mildly bearish.
A break of 1825 is needed to confirm follow through negative momentum.
Short term MACD is moving lower.
Our profit targets will be 1789.3 and 1778.5
Resistance: 1840.0 / 1850.0 / 1870.0
Support: 1825.0 / 1815.0 / 1800.0
Price action has formed a bearish ending wedge formation.
We are trading close to the end of an ascending Ending Wedge Formation.
Daily signals are mildly bearish.
A break of 1825 is needed to confirm follow through negative momentum.
Short term MACD is moving lower.
Our profit targets will be 1789.3 and 1778.5
Resistance: 1840.0 / 1850.0 / 1870.0
Support: 1825.0 / 1815.0 / 1800.0
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