Gold- preparing for correction? Short term outlook
Gold had a good run, rising more than 1000 pips since the recent low.
With no significant correction from 1900 I expect a drop in the next trading days.
From the technical point of view, we have a rising wedge on H1 chart and if this pattern is confirmed we can see Gold accelerating its losses towards important 1930 support.
I'm already short from 1965 and I'm looking for a R:R of at least 1:3 for this trade
With no significant correction from 1900 I expect a drop in the next trading days.
From the technical point of view, we have a rising wedge on H1 chart and if this pattern is confirmed we can see Gold accelerating its losses towards important 1930 support.
I'm already short from 1965 and I'm looking for a R:R of at least 1:3 for this trade
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