GOLD IS COMMING CLOSE TO THE 61.80 MARK ON FIB LEVEL. IF WE HIT THIS AND HAVE A CLEAR REJECTION WE SHOULD BE LOOKING FOR A SHORT TRADE.
FOR FUTHER CONFIRMATION WAIT FOR THE WEDGE TREND TO BREAK THEN TAKE YOUR SELL TRADE.
WE HAVE FOMED A PREVIOUS ASCENDING WEDGE, WHICH THEN LEAD TO A 3500 PIP TRADE.
WE ARE NOW IN A BULLISH TREND AND FORMING ANOTHER ASCENDING WEDGE AND COULD EXPECT ANOTHER BEARISH BREAKOUT SOON. (OVER 3000 PIP TRADE)
FOR FUTHER CONFIRMATION WAIT FOR THE WEDGE TREND TO BREAK THEN TAKE YOUR SELL TRADE.
WE HAVE FOMED A PREVIOUS ASCENDING WEDGE, WHICH THEN LEAD TO A 3500 PIP TRADE.
WE ARE NOW IN A BULLISH TREND AND FORMING ANOTHER ASCENDING WEDGE AND COULD EXPECT ANOTHER BEARISH BREAKOUT SOON. (OVER 3000 PIP TRADE)