Note

Gold (XAUUSD) Rising wedge! Short

· Views 580

#XAU/USD# Gold (XAUUSD) Rising wedge! Short

Hi Traders,

Gold creates a Rising wedge pattern in 2h time frame.
In daily HH,LH pattern shows some Bearish pullback not reversal.

Entry would be Tricky
If prices Respect $1990 Daily PP and moves Upward than Enter from
Correction Cluster area ($1910 t0 $1920).
Or
Enter whenever if market breaks $1990 area and place 4H.

Targets: $1890 and $1873
Stop Should be above $1928

PS: Check Price action at Correction cluster area only enter after confirmation.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

yeapp....nicely put in your analysis! totally agree
The precious metal reversed an early dip to the $1890 region and shot to 1-1/2-week tops on the back of reports that the US President Donald Trump was tested positive.

-THE END-