Get started
Trade-Wealth

Gold may lose it's shining

Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
Trade-Wealth Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns
7
0
trendanalysis chartpattern
Gold has reached it's resistance zone and making rising wedge on daily chart pattern. If breaking wedge support line, one can go for short trade.
However it may attempt to break the hurdle resistance zone; If breaking upper resistance line can go for long. Confirmation must be required for initiating this trade.
Comment:
Gold not giving up
Comment:
first attempt towards upside
Comment:
Above 1300$ shall initiate buy wait and watch mode now
Trade active
Comment:
Targets 1340
Trade active
Comment:
Ramping up
Trade active
Trade closed: target reached
Comment:
Fresh buy gold at CMP for target of recent high
Comment:
RR is good
Comment:
Buy above 1300. SL 1280
Trade active
Trade active
Trade active
Trade active
Trade closed: stop reached
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.