As a big picture, gold has undergone a major rising wedge, and completion of all the 5 waves in the ascending channel. with completion of final Fib retracement. And with the absent of Catalyst, gold is poised to crack. Becareful on gold longs. If this Rising Wedge Breaks which is highly likely, it will be a major break and downside would be significant.
Note
This big picture is currently a reality, and I will update on the trade set ups based on this macro view on Gold direction
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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.