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FTE1995

GOLD - Weak attempt to break Bull Wedge, possible move lower

Short
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
FTE1995  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Chart Patterns Technical Indicators
17
0
trendanalysis chartpattern indicator
- As shown in the chart golds attempt to break out of the Bullish descending wedge pattern yeserday

- This break occurred with no significant volume expansion, an important indicator needed to confirm conviction in the breakout move

- As well as this the overhead 200 MA resistance was rejected yet again

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