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Small gold breakout incoming?
CFDs on Gold (US$ / OZ)
Small gold breakout incoming?
By marketscripters
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Updated
Oct 14, 2020
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Oct 1, 2020
Gold price action is starting to converge into a wedge/triangle (Wedges script). I'd be looking for a breakout to either the upside or the downside.
Previous sell signals (D+ script) have faded...turning into a plateau instead of a drop. (This happens often.)
No strong buy signal either, so we'll have to look for confirmation with another tool.
Oct 14, 2020
Note
✅ 1%+ after the post!
with a retest of the same level for another similar gain
now on to a second retest...watching
Gold
Oscillators
Support and Resistance
wedgebreakout
Wedge
marketscripters
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