Gold Spot / U.S. DollarUpdated Gold Pattern Formation
This commodity has broken out of the upper trendline of the pennant pattern. Could this be an indication of a bullish moment or a false breakout?
Let us wait and see if it will retest the resistance zone at 2410 and proceed with having an entry position.
Let us wait and see if it will retest the resistance zone at 2410 and proceed with having an entry position.
Note
The zone is being retested.Entry position at 2420, SL at 2405 at TP at 2450
Trade active
It is active.Note
We are getting squueezed out after a reversal in the trend.
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Related publications
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.