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Gold Spot / U.S. Dollar
Short

Gold approaching a minor resistance

By VasilyTrader
Updated
snapshot

hey traders,

I am still looking for short trade on gold.
and now I have found one more potential selling area!

I have projected a falling trendline based on the two recent market highs.
As you can see the market is approaching this line once again right now.

Looking left we also can notice that here we have some minor resistance level.

ATTENTION:
to avoid a losing trade, again
be focused on this rising wedge on 4H chart,
bearish breakout of it will be your confirmation.
snapshot

good luck!
Trade active
Comment
the market has respected the identified level of resistance
and bears broke the rising wedge support
snapshot
Comment
Stop to breakeven
Comment
market is very close to the target
Trade closed: target reached
Chart PatternsCommoditiesGoldgoldsignalsgoldtradingMetalssignalsTrend AnalysisWave AnalysisXAUUSD
VasilyTrader
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