Mixed price action has resulted in an Ending Wedge pattern being posted on the intraday chart. On a break of this morning time of $2,741 the measured move target is $2,762. We will complete a Crab formation at $2,784. We are currently assessed as moving lower within the BC leg of this cypher formation. Support is located at $2,727. A break of the trend of lower lows, currently located at $2,724, and the bias is negated. SL: $2,718 TP1: $2,784 R Rate 6.1 #tradeplan #gold
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.