khurshnarm

Gold. Rising Wedge.

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold broke out to the upside from rising wedge and facing resistance from July levels. Usually price continues downside from rising wedge, but apparently goldbugs are way too excited and think it's doom and gloom time already. Expect lower levels.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.