trading plan for gold: rising wedge + structure

hey traders,

on gold we see how the market is coiling in a rising wedge pattern,
with each bullish leg shorter than the previous.

wedge pattern is a perfect indication of a weakening momentum,
it is typically broken around significant support or resistance area.

our plan for today:
let the market continue its movement in a wedge pattern,
and wait for a bearish breakout as it enters a resistance zone.

targets will be based on structure.

good luck!

Komen:

the market following the wedge borders!

Komen:

the market in the zone
we see a rejection !

Komen:

Bearish violation

Dagangan aktif

Komen:

Hit target 1