Gold Is About To Tank!
Good Day :) hope everybody is having a great trading week so far (That's if you've been following my analysis) wink*
I'll add the links below.
Technical Analysis: XAU/USD
Bias: Bearish - On the 1Hour timeframe price action has created a rising wedge pattern. which occurs after an uptrend and indicates a possibility of a high probability trend reversal to the downside. Price action has already broken the chart pattern to confirm our sell entriesWe will wait for price action to give us an indication by a break of either the descending trendline (Above) or the Ascending trendline (bottom). Once price action breaks one of these trendlines then we look for an entry in that direction.
Please don't forget to leave your thoughts and comments and if you benefited in any way from this post please like & share.
Trade safe & have a great trading week :)
I'll add the links below.
Technical Analysis: XAU/USD
Bias: Bearish - On the 1Hour timeframe price action has created a rising wedge pattern. which occurs after an uptrend and indicates a possibility of a high probability trend reversal to the downside. Price action has already broken the chart pattern to confirm our sell entriesWe will wait for price action to give us an indication by a break of either the descending trendline (Above) or the Ascending trendline (bottom). Once price action breaks one of these trendlines then we look for an entry in that direction.
Please don't forget to leave your thoughts and comments and if you benefited in any way from this post please like & share.
Trade safe & have a great trading week :)
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