Commodity Gold as we can see price is trading in a falling wedge pattern so after a breakout of resistance or support we can see a new range expansion in it targets i mentioned on chart, stop loss we can take an opposite direction closing above or below of support or resistance after any of trendline breakout.
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Note
YESTERDAY MADE A LOW OF 58375 NEAR SUPPORT BASED TARGET 1 AFTER BREAKING FALLING SUPPORT.
Trade closed: target reached
YESTERDAY CLOSED BELOW SUPPORT TRENDLINE TODAY DID SELL TARGET 1 CAN DO TARGET 2 ALSO. HAPPY WITH FIRST COMEX TARGET, THANKS FOR GIVING GOOD RESPONSE MATES.
Note
NOW TRADING BELOW SUPPORT ONE, AND FALLING SUPPORT IS ACTING AS A GOOD RESISTANC EBECAUSE PRICE IS TRADING BELOW FROM IT, 1000 POINTS FALL AFTER BREAKDOWN. CAN DO TARGET 2
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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.