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Gold/EUR
Short

Huge rising wedge on Gold/Eur

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A large rising wedge is seen in the Gold/Euro pair for the monthly candles. The Gold/Euro pair is an ascending trend over the years. Since the rising wedge is a reversal pattern at the end of ascending trends, a correction phase may start in the near term when the lower boundary of the wedge is broken.
DenizTrading
Chart PatternsTrend Analysis

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.
Chart PatternsTrend Analysis
DenizTrading

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.