GOLD - Broadening wedge support met, back to resistance?
- As shown in the chart Gold looks to be forming a broadening wedge pattern on the 15 min chart
- Within this pattern, price is now at its ascending trend-line support
- As well at this level is the 61.8 fib retracement of the previous small move higher within the wedge
- If this holds as support we might retest the patterns resistance again and make a higher high
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
- Within this pattern, price is now at its ascending trend-line support
- As well at this level is the 61.8 fib retracement of the previous small move higher within the wedge
- If this holds as support we might retest the patterns resistance again and make a higher high
THIS IS NOT TRADE ADVICE NOR A TRADE CALL