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FTE1995

GOLD - Descending Wedge pattern @ 50 Fib + 50/200 MA Support

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
FTE1995  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Chart Patterns Technical Indicators
39
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trendanalysis chartpattern indicator
- As shown in the chart gold appears to be forming a Descending Wedge continuation pattern on the 15 Minute TF

- The pattern appears to be finding support at the 50 Fibonnaci retracement level of the rally seen this morning from ~ 1488

- Pattern also finding support at both the 50 and 200 Moving average's

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