More and more it looks that since last December a rising wedge in Gold is forming. We had false breakouts till cross resistances and corrections back int the wedge. Striking here is that we currently have a really STRONG short term resistance from the falling triangle... If we break it, there are still 2 long term resistance! On break of these the Target region should be about 1400. If we break downward it is about 1150. So..., 75 up and 175 down! I stay neutral till we either break resistance or support...
Comment:
Think about if technically the short term support from the rising wedge can be stronger than the resistance since 2011 !!
Comment:
Stay calm... if 1280 is broken we gat a massive sell signal.
www.tradingview.com/x/Rq7Zl
www.tradingview.com/x/Rq7Zl
