On weekly/daily chart,price is close to significant resistances and is about to hit it's longtime channel (purple lines).
On 4h chart, we see price moving inside a wedge pattern. A potential Pattern is about to form it's C point on the channel/wedge's trendline. Last Friday, we saw a lot of strength from the dollar which very well may continue (drops gold price).Lets hope it works out. Good luck
On 4h chart, we see price moving inside a wedge pattern. A potential Pattern is about to form it's C point on the channel/wedge's trendline. Last Friday, we saw a lot of strength from the dollar which very well may continue (drops gold price).Lets hope it works out. Good luck
