Hi everybody, Gold creates a rising wedge pattern during a previous downtrend, which is a bearish continuation pattern. Notice the Monthly TL resistance, horizontal resistance and bearish divergence in the RSI indicator. Our short-trigger would be a break out of the wedge to the downside, combined with a fall below the previous swing low at around $1,277.
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.