cfetrader

Gold directional dilemma

FX:XAUUSD   Gold/U.S. Dollar
171 1 1
For quite some time gold             prices oscillate within a wedge. If an upward break does not take place any time soon (target 1170 to 1200), then prices may follow a declining pitchfork pattern towards the final lows below 1000. Both bulls & bears are aware of the importance of the wedge, and hence no clear resolution of the trend problem is evident. Some negative bias is expressed by the current sell mode of the PMO & TSI             indicators
cfetrader
a year ago
Gold is attempting a wedge break out with determination. The ascending channel assumes now an important role.

snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out