JamesEvison
Long

GOLD - Double bottom forming at bottom of desc wedge?...

TVC:GOLD   CFDs on Gold (US$ / OZ)
- In my previous analysis of gold , I beleived it may be in the formation of an inverse H + S formation
- The second shoulder being formed within a descending wedge bullish formation
- At the bottom of this descending wedge a double bottom bullish reversal may have formed on the 15 minute timeframe
- The second shoulder being formed within a descending wedge bullish formation
- At the bottom of this descending wedge a double bottom bullish reversal may have formed on the 15 minute timeframe
- Neckline of this pattern is @ ~ 1221
- This level would need to be broken as well as the upper resistance trend-line of the descending wedge pattern to confirm a
bullish breakout

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