Gold (Expected False Breakout) Be aware!
Hi Traders,
According to above Rising wedge pattern, market may be break the ascending trand line.
But it will just a false breakout because there is no Strong bearish momentum to break it hard.
There is also some support area $1634 and market should definatly respect this area.
So stay away from some bearish bets after expected false breakout.
$1700 still on Radar!
For more information please drop your contact in comment section.
Thanks.
According to above Rising wedge pattern, market may be break the ascending trand line.
But it will just a false breakout because there is no Strong bearish momentum to break it hard.
There is also some support area $1634 and market should definatly respect this area.
So stay away from some bearish bets after expected false breakout.
$1700 still on Radar!
For more information please drop your contact in comment section.
Thanks.
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