Gold may retest the major Support after the broadening Wedge breaks (see picture below).
Potentialy building Double Top and Double Bottom-like Structure as the Sp500 did in 2000-2010.
Im not shorting it, as its against the Trend. But doing so is resonable with stoplosses in my opinion.
Pictures of sp500 and Broadening Wedge are below.
DYOR, have a nice Day.
Potentialy building Double Top and Double Bottom-like Structure as the Sp500 did in 2000-2010.
Im not shorting it, as its against the Trend. But doing so is resonable with stoplosses in my opinion.
Pictures of sp500 and Broadening Wedge are below.
DYOR, have a nice Day.
Kommentera:
Kommentera:
As you can see we didnt break the Broadening Wedge yet but in case it does i think a restest of the Major Support is likely
Kommentera:
To be clear, dont short the support, wait for the break if you plan to short