RandomOracle

Ascending Wedge On Gold

RandomOracle Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD
Gold looks to be setting up for an extended down-move before attempting to resume the macro uptrend
Comment:
Comment:
- MacD about to cross bearish (with lower highs & lows)
- CCI downtrending (30 & 14 periods)
- Stoch RSI downtrending while RSI now pointing down
- EMA bearish cross (100/200EMA)
*What I'm looking at on current 6hr chart*
Comment:
^
Comment:
Pretty much the opposite of the above is the case for DXY too
Comment:
Possible bearish H&S after an already violent downswing
Comment:
Related charts are scattered throughout this idea:

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