Get started
Gold Spot / U.S. Dollar
Short

Not buying top of a rising wedge gold could drop $100+

By original_moneyflow_trader
Updated
4hr time frame shows a wedge, in which the top traders sold out, and new buyers are now bag holders. I'm looking for gold to drop $100, and potentially form an inverse head and shoulders. My target is low 1600, to potential bottom of the channel $1500 very easily
Note
daily view snapshot still bearish w/ a bearish wave analysis
Note
1640 needs to hold for the bulls, to potentially form an inverse head and shoulders. I will be monitoring this level for support, if it give away, then the bottom of the channel for Gold around 1500 is the target
Note
bearish ab-cd pattern on daily snapshot
Trend Analysis
original_moneyflow_trader
Also on:

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.