technical analysis vs Politics
gold always goes up it just need catalyst to get trend.
After intraday bearish move on dollar strength gold has made this rising wedge pattern with reversal candle right at the top of the wedge.
the current intrady trend is part of primary trind of on daily chart with hight of first wave at 1765. the current move is part of 4th corrective wave which can't break high of first wave at 1765 based on Elliott wave analysis.
gold always goes up it just need catalyst to get trend.
After intraday bearish move on dollar strength gold has made this rising wedge pattern with reversal candle right at the top of the wedge.
the current intrady trend is part of primary trind of on daily chart with hight of first wave at 1765. the current move is part of 4th corrective wave which can't break high of first wave at 1765 based on Elliott wave analysis.
Note
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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.