GOLD has been so bullish for several weeks however the current structure suggested signals for reversal to the downside, the yellow horizontal lines are our important key support levels, you can find the raising wedge pattern which is formed and there's a ascending triangle which may signal for bull trend continuation, but based on Hourly time frame, the wedge pattern is broken, hence we'll look for confirmation of our entry, but if the price keep growing we'll wait for the breakout above the triangle to initiate buy orders.
Note:
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I post and share for educational purposes hence no idea we publish should be considered an investment advice.
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Note:
All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit.
I post and share for educational purposes hence no idea we publish should be considered an investment advice.
I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction.
You can check all my work, you can understand my style of analyzing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.
