Gold forming a rising wedge with falling RSI Short

Gold/U.S. DollarFXCM

Description

⋅ Jan 2, 2023 10:09 AM

Gold is forming a rising wedge pattern along with a falling RSI. This signals that the upward strength is kind of lost. We may see a strong bearish move in case the wedge is broken on the downside. The strong support region is around 1725 level.

Comments

sahelabshari

⋅ Jan 2, 2023 10:51 AM

nice