Retest of Major Support
Gold may retest the major Support after the broadening Wedge breaks (see picture below).
Potentialy building Double Top and Double Bottom-like Structure as the Sp500 did in 2000-2010.
Im not shorting it, as its against the Trend. But doing so is resonable with stoplosses in my opinion.
Pictures of sp500 and Broadening Wedge are below.
DYOR, have a nice Day.
Potentialy building Double Top and Double Bottom-like Structure as the Sp500 did in 2000-2010.
Im not shorting it, as its against the Trend. But doing so is resonable with stoplosses in my opinion.
Pictures of sp500 and Broadening Wedge are below.
DYOR, have a nice Day.
Not
Not
As you can see we didnt break the Broadening Wedge yet but in case it does i think a restest of the Major Support is likelyNot
To be clear, dont short the support, wait for the break if you plan to short
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.