Gold is trading within a RISING WEDGE pattern.
After its rejection to 1824 yesterday, it might give us a new low if it breaks down below the structure around 1785.
It might expose the support around 1766-1745.
However, if the bulls take over again, it might bounce up and breaks the upper limit which could potentially went up to 1830-1850.
Great setup and patience is the key.
After its rejection to 1824 yesterday, it might give us a new low if it breaks down below the structure around 1785.
It might expose the support around 1766-1745.
However, if the bulls take over again, it might bounce up and breaks the upper limit which could potentially went up to 1830-1850.
Great setup and patience is the key.
Comment:
TP Hit at 1875