XAU/USD - Price Structure
Following up from my prediction over 2 months ago (chart shown below), I'm almost ready to sell XAU/USD.
Since predicting the bearish 5-0 price has reached $1248, therefor completing the pattern.
I am now looking at additional analysis to confirm my position.
If we take a look at the main chart, price has been trading within a rising wedge since December 2016, we are now showing signs of a potential breakout to continue the long term trend.
I'm expecting price to break the trendline and pullback before I enter my long term short.
Please feel free to leave your opinion below.
Since predicting the bearish 5-0 price has reached $1248, therefor completing the pattern.
I am now looking at additional analysis to confirm my position.
If we take a look at the main chart, price has been trading within a rising wedge since December 2016, we are now showing signs of a potential breakout to continue the long term trend.
I'm expecting price to break the trendline and pullback before I enter my long term short.
Please feel free to leave your opinion below.
📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
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.
📈 Master the Art and Science of Trading: sixfigurecapital.com
Related publications
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.