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FTE1995

GOLD - Rejected 1490 Resistance within Descending Wedge pattern

Short
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
FTE1995  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Chart Patterns
27
1
trendanalysis chartpattern
- As shown in the chart 1488/1490 has previously acted as strong support prior to price breaking lower through it

- This level now appears to be acting as new resistance

- Within the Descending Wedge pattern, price has clearly rejected this level due to the evident wick on the last 4 hour candle

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