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UrbanRecession

Descending Broadening Wedge

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
UrbanRecession Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Supply and Demand Trend Lines Wedge
6
0
supplyanddemand trendline wedgepattern
We have identified Descending Broadening Wedge in Gold 4H chart. It is very likely that the price action will try to retest the $1200 level and then target $1185 and $1165.

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This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions.
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We are in a new channel now. The price hit 1199.43.

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Welcome back to the wedge.
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We are heading down..

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More short added.

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Ouch!

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Ouch!

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we are in descending channel.

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sooner or later.

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