XAUUSD - Gold's Glorious Own Goal
On May 9 I highlighted the wedge GOLD found itself in.
On May 14, price had broken the wedge and looked to break to the upside.
However, my caveat was that to confirm the breakout, we needed to see price stick around at the new highs it had more, or retest the trendline from above.
And this is why we wait for confirmation!
The breakout, and failure with price now back in the wedge is bad news for the pulls.
And I'm interested in a short, adding to their misery.
However, just in case the bears are about to get a similar kick in the teeth, lets wait for the breakout lower..and once again, either a retest or for price to remain lower.
On May 14, price had broken the wedge and looked to break to the upside.
However, my caveat was that to confirm the breakout, we needed to see price stick around at the new highs it had more, or retest the trendline from above.
And this is why we wait for confirmation!
The breakout, and failure with price now back in the wedge is bad news for the pulls.
And I'm interested in a short, adding to their misery.
However, just in case the bears are about to get a similar kick in the teeth, lets wait for the breakout lower..and once again, either a retest or for price to remain lower.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。