Upward movement of 🥇Gold🥇and creating a Bull Trap!!!

Gold is moving in an ascending channel that has reacted well to the upper and lower lines of this channel.

Currently, gold is moving near the 🔴resistance zone($ 2015.5- $ 2012)🔴 and the upper line of the ascending channel, and since the Regular Divergence(RD-)between two consecutive peaks is well-known in the indicators, I expect Gold to fall again if the upper line and even the resistance zone are broken, and a Show us the Bull Trap.

Gold can have a minimum fall to the middle line of the ascending channel, and in the next stage, it can fall to the lower line of the ascending channel.

Gold Analyze ( XAUUSD ), 15-minute Time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.

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Kommentera:

Do you think gold will break the 🔴resistance zone($ 2015.5- $ 2012)🔴 or not ❗️❓

Handel aktiv

Kommentera:

It looks like the Bull Trap I expected is happening with the Head and Shoulders pattern.

Kommentera:

Head and Shoulders Worked very well.✅

Kommentera:

New update:🥇Gold🥇Fall by Ascending Broadening Wedge Pattern(short term)!