I am nothing if not consistent. If I am buying GU then it makes sense to also be buying Gold.
This chart pattern looks very much like a falling wedge which has broken out to the upside and we also have a retest.
Will CPI give us a push farther to the upside to retest supply zones created when Gold plummeted a couple of weeks ago? I certainly believe we are due a pullback and if news are meant to expedite market structure let's be sure to position ourselves accordingly.
Good risk management is imperative.
Good luck and happy trading :)
#XAUUSD #Wedge #Bullish #CPI #PriceAction
This chart pattern looks very much like a falling wedge which has broken out to the upside and we also have a retest.
Will CPI give us a push farther to the upside to retest supply zones created when Gold plummeted a couple of weeks ago? I certainly believe we are due a pullback and if news are meant to expedite market structure let's be sure to position ourselves accordingly.
Good risk management is imperative.
Good luck and happy trading :)
#XAUUSD #Wedge #Bullish #CPI #PriceAction