Hello traders,
Gold is making a corrective triangle wave on 4h chart. And it seems about to break the triangle.
It still need to break the weekly resistance zone first.
After that it will target higher weekly resistance zone.
Gold might be rejected from the wkly resistance zone down to test 4h support levels.
Will need to check with price action later in the 1st trading weekly in 2021.
This idea is marked as "LONG" as it has not finished the uptrend to the 1st wkly resistance zone.
Good luck in 2021.
LESS IS MORE!
Gold is making a corrective triangle wave on 4h chart. And it seems about to break the triangle.
It still need to break the weekly resistance zone first.
After that it will target higher weekly resistance zone.
Gold might be rejected from the wkly resistance zone down to test 4h support levels.
Will need to check with price action later in the 1st trading weekly in 2021.
This idea is marked as "LONG" as it has not finished the uptrend to the 1st wkly resistance zone.
Good luck in 2021.
LESS IS MORE!
