ABCD Pattern on Gold?
We see a possible ABCD pattern. In the 15m chart we see a descending triangle that price is close to breaking.
On the longer term, price respected a supply area at around $1214. Last weeks' NFP forced the market to continue it's bearish trend on the long term.
Favorite position:
SELL
Objectives: between $1185.00 - $1183.00
On the longer term, price respected a supply area at around $1214. Last weeks' NFP forced the market to continue it's bearish trend on the long term.
Favorite position:
SELL
Objectives: between $1185.00 - $1183.00
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