GOLD | Multi-month wedge
Updated
Gold has been choppy of late.
Taking a step back, we might see a clue as to why - price is nearing a decision point - escaping the multi-month wedge it finds itself in.
I make no predictions as to what direction we'll see it break.
Let's wait for the break and then load up with price.
Taking a step back, we might see a clue as to why - price is nearing a decision point - escaping the multi-month wedge it finds itself in.
I make no predictions as to what direction we'll see it break.
Let's wait for the break and then load up with price.
Note
Gold breaks and stays to the upside.Longs confirmed if we see a bounce back on the trendline that used to act as resistance, or if price hovers around where it is now for a couple of sessions!
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