Gold shining

Plan A. : If gold break above the bearish trend line, next key resistance at 1200 and 1230 level. #veryBullish
Plan B. : If the bearish trend line to hold as resistance, there is potential for move lower from here, the key level of support at $1110/25


Gold : Falling wedge Pattern ?

Falling wedge

Falling wedge

  • (1.) Long entry
  • (B.) Area where price has broken the upper trend line of the wedge
  • (2.) Stop loss, below bottom of the wedge
  • (A.) Back of the wedge
  • (C.) Distance from entry (buy order) to 3. (A=C)
  • (3.) Take profit