Gold Bull Wedge Breakout formation Emerges Long

Gold/U.S. DollarFXCM

Description

⋅ Oct 9, 2017 4:31 AM

Gold Bull Wedge Breakout formation Emerges

This looks like a temporary buyers market on an intraday basis with shorts around 1292 to 1300 looming on a larger time frame.

Trend Analysis Wave Analysis

Comments

Red_Carpet

⋅ Dec 5, 2017 10:59 PM

what do you thing where we will go with gold on next few days

Thanks in advance sir

Rocketman

⋅ Dec 5, 2017 11:21 PM

@Red_Carpet,

It looks like it in in this range on the daily chart, but my bias is down. 1241 is the next step is support is breached on the daily.

Rocketman

⋅ Dec 5, 2017 11:21 PM

@Rocketman, 2:1 risk only. Small size only.

Rocketman

⋅ Dec 5, 2017 11:24 PM

@Rocketman, However, on an intraday basis, if it surpasses 1277, then I will become bullish intraday, but neutral on a daily basis.

Rocketman

⋅ Dec 5, 2017 11:24 PM

@Rocketman,

Red_Carpet

⋅ Oct 11, 2017 10:43 PM

update please