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The situation around GOLD now is the Rising Wedge.
Because of this, we have to wait to confirm the breakout of either Horizontal Resistance or Horizontal Support
- In price breaks the Horizontal Resistance is broken then Rising Wedge, we buy. Also we will get a strong support below in this case.
- For the bearish case, we should wait for the breakout of the wedge because this Rising Wedge works more than 80%.
Please support this idea with a LIKE if you find it useful.
Thank you for reading this idea! I hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not Financial Advice.
I'm here with a new forex idea and analysis, Kindly share your LOVE by giving me LIKES and COMMENTS.
Share with more traders like you.
Follow me for more.
Thanks in advance.
The situation around GOLD now is the Rising Wedge.
Because of this, we have to wait to confirm the breakout of either Horizontal Resistance or Horizontal Support
- In price breaks the Horizontal Resistance is broken then Rising Wedge, we buy. Also we will get a strong support below in this case.
- For the bearish case, we should wait for the breakout of the wedge because this Rising Wedge works more than 80%.
Please support this idea with a LIKE if you find it useful.
Thank you for reading this idea! I hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not Financial Advice.