Gold making a wedge, could see a small rally soon

Gold has made a big drop this week. As you can see in the bigger wedge around the highs, it just dropped of out of it instead of going higher. Because that's a very weak sign we saw that acceleration down. It did the same a month ago. Now it has made another wedge, smaller one which suggests we could see a correction up after this big drop.
A small false break out below is still possible!

The first green area should be the first target, i will close half here. The second target could also be possible, here i will close the other half.

Yorum:

I got the first half in 1322, will buy the other half at the lower green line or when we get above the 1324

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Other half is in too, stop around 1318 and 1315

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Targets already reached, I have closed half at 1333, i am letting the rest run with a stop at 1328

İşlem kapandı: hedefe ulaştı:

Closed the remaining at 1342 :). Was a very easy trade this one. 11 points on the first half an 20 point on the other