Gold FuturesLong
GOLD Recovery
Updated
Gold recently sold off after falling below its ascending wedge, but looks ready to make a recovery after breaking above a descending trendline. I'd expect upside from here, or a retest of the trendline before moving higher.
Note
It looks like gold may not retest that trendline for quite some time. It just consolidated above and broke out of a descending wedge. Hard to find any entry now, there will be another pullback at some point.
You reap what you sow.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer
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