GOLD FUTURES COMEX [D] : Bearish signs for SHORT
GOLD has broken below its rising wedge pattern & might drop back to its previous low of about 1455 if its full rising wedge target is realised. Current price at time of print also shows Wave 4 have violated as it dips below Wave 1 high. It seems to be supported around 1655 as there is a confluence of FiboR 61.8% & Volume Profile peak. All other indicators are also sloping downwards.
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.