Gold could be a long or short depending on this 4 hour candle close. The triggers for a long and short are shown. My bias is short because,
1. Resistance needs to be broken and resistance happens to be the often strong 786 fib line
2. Upward wedge often means down move.
However be prepared for a move in either direction as both scenarios are possible.
Please like and follow if you enjoy my charts
Ms Bunny
1. Resistance needs to be broken and resistance happens to be the often strong 786 fib line
2. Upward wedge often means down move.
However be prepared for a move in either direction as both scenarios are possible.
Please like and follow if you enjoy my charts
Ms Bunny
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.
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.