SHORT Gold breakout imminent
Confirmation
1. MACD divergence
2. Uptrend Rising wedge pattern *
3. Declining volume
4. candlestick compression
Breakout to occur, short on 15min timeframe
1. MACD divergence
2. Uptrend Rising wedge pattern *
3. Declining volume
4. candlestick compression
Breakout to occur, short on 15min timeframe
Note
Reversal has occured, it will pull back to 1503 line and test it before hopefully dropping more to 1498 ( yellow dotted line)Note
Double top formation occured at 5min chart, get ready for strong bear move
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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.
Disclaimer
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.