Gold, short term bearish wedge play
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From the looks of it gold has formed a a small bearish wedge, it's not the best i have seen but looks good. Good risk reward because of the tight stop. Longer term could be an inverse H&S (blue line), but it's an ugly one. It does fit the picture of the strong bounce gold has made a week ago.
Nota
Looking good, if we reach the target i would close half or 66% and trail the remaining, because if that green support breaks, it could drop more. Nota
Target reached, i would move the stop for the remaning towards the red line. If the green support breaks, we could see much more, so it's worth risking.
Penafian
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