Long Position Opened, Falling Wedge Pattern Long

Gold/U.S. DollarFXCM

Description

⋅ Sep 24, 2022 7:06 AM

..........Gold is is forming a great falling wedge pattern.

......... Friday closing level is at the bottom of daily bollinger bands

.......ab=cd pattern

.......lowest level of the year

............daily rsi is around 30

Comments

tmnmute

⋅ Sep 24, 2022 7:42 AM

Don't think that is quite a clear wedge but yea , whatever works to get gold back to at least 1674 for me to BE before plummeting again

mudassar97

⋅ Sep 24, 2022 10:27 AM

@tmnmute in the same boat mate 🤣🤝

whittier

⋅ Sep 24, 2022 1:20 PM

@tmnmute, most probably will see $1684 on monday

tmnmute

⋅ Sep 24, 2022 1:28 PM

@whittier, hopefully, but great hopes may lead to great disappointments, I have adjusted my sentiment to SL at 1635.
The thing is we don't know how deep will these go, the candles are breaking each support so easily lols