🥇Gold has landed on the edge of a wedge after yesterday's gains.
🥇So far the defense against declines continues.
🥇But at the current moment no move is certain.
🥇The stronger interest will win.
🥇Looking at the technical situation, I am holding off on making any decisions.
🥇If there was a decline it seems to me that the support zone would not hold the price longer.
🥇And if there would be an upward breakout I expect to break through new highs.
🥇The scenario I'm playing is waiting for either side to dominate. If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🥇*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
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.
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.