Looking at the price of GOLD from the previous weeks we can see that Gold has been trading with a rising wedge pattern which indicates bearish signal. Also looking at price movement we can also see that the price of Gold got rejected at the 2080 area and price dropped to the 2025 area giving us a third touch of the the rising wedge pattern and price also got rejected.
From the price action am expecting Gold to retrace to the 2069 to 2070 area to fill the slight imbalance in price and we should start looking for our sell opportunities at around 2070 and 2075 price area.
From the price action am expecting Gold to retrace to the 2069 to 2070 area to fill the slight imbalance in price and we should start looking for our sell opportunities at around 2070 and 2075 price area.