Gold Short Term Sell
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Hello and welcome back traders🙂.
[ ] Gold is currently trading in a ascending wedge pattern.
[ ] A good entry point on a short term short trade would be the 1687.46 resistance line.
[ ] This is because it also coincides with the descending wedge pattern mentioned earlier.
[ ] Please be advised that this is a riskier set up due to the potential chance that gold breaks out of the descending triangle instead of creating a lower low first.
Good luck trader's and may this week be profitable for you all. 🙂
If you found value in my analysis dont forget to hit the like, it's much appreciated.
[ ] Gold is currently trading in a ascending wedge pattern.
[ ] A good entry point on a short term short trade would be the 1687.46 resistance line.
[ ] This is because it also coincides with the descending wedge pattern mentioned earlier.
[ ] Please be advised that this is a riskier set up due to the potential chance that gold breaks out of the descending triangle instead of creating a lower low first.
Good luck trader's and may this week be profitable for you all. 🙂
If you found value in my analysis dont forget to hit the like, it's much appreciated.
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