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Rising Wedge - XAUUSD 1800This idea depends on the impending breakout being a bullish one. Expecting price to move further along the Riding Wedge before meandering it’s way back down during the 3rd quarter of this year. Quarterly outlook:- 2nd: Bullish 3rd: Bearish *Disclaimer* This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust you own analysis. Beyond Edge
FOREXCOM:XAUUSD
by BeyondEdge
Delta Depression breakdown analysis: where is the support?With this last downleg, we have hit the 0.5 fibonaci level, in one break out. and it its not over. If this is the beginning of a longer term downtrend, after we break support, the next support seems to be around 10/7/5 dollars, where I think volitle accumulation will happen, before consolidating around 10$ and moving again. Look for one or two weak impulses to the upside to take short positions, stop loss at 37, with profit targets at 23-20, 12, 8.
NYSE:DALShort
by pokp
2