Mihai_Iacob

Gold- preparing for correction? Short term outlook

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold had a good run, rising more than 1000 pips since the recent low.
With no significant correction from 1900 I expect a drop in the next trading days.
From the technical point of view, we have a rising wedge on H1 chart and if this pattern is confirmed we can see Gold accelerating its losses towards important 1930 support.
I'm already short from 1965 and I'm looking for a R:R of at least 1:3 for this trade

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.