Hi,
Spotting Gold to move within the expanding wedge where we can that the lower band of the pattern is 1884 level. Price can hit that level after breaching 1894-1895 level.
However, falling wedge being a bullish reversal (mostly) we should be careful watching levels 1895.
DXY bullish continuation and US GDP is a catalyst and confirmation.
Spotting Gold to move within the expanding wedge where we can that the lower band of the pattern is 1884 level. Price can hit that level after breaching 1894-1895 level.
However, falling wedge being a bullish reversal (mostly) we should be careful watching levels 1895.
DXY bullish continuation and US GDP is a catalyst and confirmation.
Trade active:
Here we see greated falling wedge and our expanding falling wedge from the main snapshot within.
Trade active:
There's a level of uncertainty with DXY melting and Gold pushing 1912 level (618 fib level on dailt) from above. However we can look out for 1912 being a strong resistance now.
Comment:
Trade closed: stop reached:
Price violated 1912 level (daily FIB .0618).