XAUUSD: Gold to take a little drop to $1580 Short

GoldOANDA

Description

⋅ Mar 28, 2020 9:31 AM

A rising wedge on the 4hr chart implies a possible
drop in price to the support line.

This BEARISH move is also supported by the
bearish divergence on the RSI

Comment

⋅ Apr 1, 2020 10:05 AM

Perfect - It hit the target spot on

Chart Patterns Technical Indicators

Comments

EZ_Trader

⋅ Apr 1, 2020 2:24 PM

Nice work - to the T.

Does this qualify as a Quasimodo as well?

martinbrits28

⋅ Apr 1, 2020 9:13 PM

@EZ_Trader, Thanks- i have tried to explain the Quasimodo in chart below

EZ_Trader

⋅ Apr 2, 2020 5:34 AM

@martinbrits28, I was thinking of the bigger picture QM

martinbrits28

⋅ Apr 2, 2020 8:10 AM

@EZ_Trader, I see what you mean. The re-test of the support that may bounce it higher. Let's see how it plays out