GOLD --- SHORT SETUP SWING we can see gold has formed Rising Wedge Pattern .
The Setup
A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex. Using two trendlines—one for drawing across two or more pivot highs and one connecting two or more pivot lows—convergence is apparent toward the upper right part of the chart
we are up roaching towards NFP this week so based on fundamentals our setup may fail , so we look for a swing setup for short after NFP.
key levels are marked in chart.
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Xauusdswingtrade
GOLD: Swing idea (edit for TP1)The blue line is TP1, something I failed to mention in the previous video.
This is an update to that video.
Price is already heading towards TP1, after breaking the resistance as expected.
Let's see how this goes!
Questions, concerns, or agreements in the comments section, please. I do want to hear from you!
XAUUSD PLAN 21 Dec Until 29 Januari 2021XAUUSD PLAN 21 Dec Until 29 Januari 2021
21 December until 18 Januari is SUN IN CAPRICORN Cycle Possible Bullish 80% Accurate
3 SCENARIO Forecast Possible
1. Bearish Gartley Harmonic Pattern
2. Rising W Pattern
3. Head & Shoulder Pattern
RANGE Price Until 29 Januari
1942-1780
Buy Limit
Level 1 : 1830
Level 2 : 1815
Level 3 : 1793
Level 4 : 1780
SL 1763
TP 1880-1930
Sell Limit
Level 1 : 1888
Level 2 : 1919
Level 3 : 1942
SL 1966.2
TP Minimal 1860 - 1710
Disclaimer ON Guys
Keep Your Profit Guys
Thanks
