Gold approaching a minor resistance
Updated
hey traders,
I am still looking for short trade on gold.
and now I have found one more potential selling area!
I have projected a falling trendline based on the two recent market highs.
As you can see the market is approaching this line once again right now.
Looking left we also can notice that here we have some minor resistance level.
ATTENTION:
to avoid a losing trade, again
be focused on this rising wedge on 4H chart,
bearish breakout of it will be your confirmation.
good luck!
Trade active
Note
the market has respected the identified level of resistanceand bears broke the rising wedge support
Note
Stop to breakevenNote
market is very close to the targetTrade closed: target reached
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