Gold shows 3 faces for me a wedge, ascending channel, and pennant, all bearish. As seen in this chart, these are the 3 scenarios that I can see playing out with black serving as the accumulative flat to 1900, with red as the ascending channel reaching the 1900 levels, and a bearish pennant, supposedly having this current level as the trigger for it to descend down to 1600+ levels. For you, which structure do you think gold will follow?
Disclaimer: This is for educational purposes only.
Disclaimer: This is for educational purposes only.
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