Gold ready for a retracement ?

2021년 11월 12일

Currently, based on the price action, the price near or at the Ascending Broadening Wedge line, if the price stays below the upper wedge line, that's a pretty strong indication that gold needs to retrace or retest the broken major down trendline.

Invalidation:
This analysis fails if the price breakout and close above the upper ascending broadening wedge line.

Catalyst:
- JOLTS
- Prelim UoM Consumer Sentiment
- US Sales data
- Unemployment Claims
- Prelim GDP q/q
- FOMC