Gold Wedge Pattern
Hello and welcome back traders🙂, Gold is currently trading in a descending wedge pattern creating lower highs and lower lows. Once it breaks this pattern we can look for an entry.
A good entry point on a long trade would be to wait for the breakout of the descending wedge pattern that gold is currently forming, . To have a safer entry point you should wait for the retest and see how the market reacts , this is to ensure a better chance at identify a false breakout which is common place in the Gold market.
Good luck trader's and may this week be profitable for you all. 🙂
If you found value in my analysis dont forget to hit the like, it's much appreciated.
A good entry point on a long trade would be to wait for the breakout of the descending wedge pattern that gold is currently forming, . To have a safer entry point you should wait for the retest and see how the market reacts , this is to ensure a better chance at identify a false breakout which is common place in the Gold market.
Good luck trader's and may this week be profitable for you all. 🙂
If you found value in my analysis dont forget to hit the like, it's much appreciated.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.