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Gold Spot / U.S. Dollar
Short
Updated

GOLD: daily perspective

558
On a daily chart i would say that we can see a "rising wedge" in wich we are come back into. Targets are below 1800: 1760 - 1640 areas.
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this could be an idea of the ranging inside the wedge before the fall: snapshot (that would be matches perfectly with the idea of the big 4th wave in the uptrend cycle count: tradingview.com/chart/XAUUSD/XOVEBbCY-GOLD-RIDING-GIANTS-updated-idea/)
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the entire perspective: snapshot
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flipped chart: snapshot
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a view of the symmetrical triangle in wich we are, 1945 is the middle point: snapshot
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the closing today snapshot
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We are climbing up to the bottom TL of the wedge, a leaving down might means the prosecution of the down move.
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I just would repost this idea from 2 september and confront it to the preview image: snapshot
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3 different scenarios to the way down to 1760 (minimoum): snapshot
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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.