Since the recent significant sell-off, gold has been steadily climbing, forming a rising wedge chart pattern, typically this is a bearish chart pattern.
A break below the rising trendline could signal the beginning of a downward move, with further confirmation upon breaching the key structures highlighted on the chart.
Wishing you success!
A break below the rising trendline could signal the beginning of a downward move, with further confirmation upon breaching the key structures highlighted on the chart.
Wishing you success!
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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.