After the cpi news this afternoon, we get an hourly candle that strongly shows rejection after closing the 3358 gap,
and for the current pattern, a rising wedge or channel is formed (depending on where you draw the line).
and my view for now is that gold could decline, even the furthest target could reach the 3202 gap.
and for the current pattern, a rising wedge or channel is formed (depending on where you draw the line).
and my view for now is that gold could decline, even the furthest target could reach the 3202 gap.
Trade closed: stop reached
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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.