hey traders,
on gold we see how the market is coiling in a rising wedge pattern,
with each bullish leg shorter than the previous.
wedge pattern is a perfect indication of a weakening momentum,
it is typically broken around significant support or resistance area.
our plan for today:
let the market continue its movement in a wedge pattern,
and wait for a bearish breakout as it enters a resistance zone.
targets will be based on structure.
good luck!
Note
the market following the wedge borders!Note
the market in the zonewe see a rejection !
Note
Bearish violationTrade active
Note
Hit target 1
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.