Gold is approaching a major daily resistance cluster. 1789 - 1800 is our potential reversal zone. To catch a pullback from that, follow a rising wedge pattern on 1H.
Our confirmation of a coming bearish move will be a breakout of its support (at least 1H candle close below). Then shoring on a retest, your first goal will be 1770 level.
In case of a bullish breakout of the yellow zone, though, the setup will be invalid and bullish continuation will be expected.
❤️Please, support this idea with a like and comment!❤️
تعليق
⋅
Check My New Educational on Charting on TradingView:
Your analysis can clear for us (amateurs) trend of the market.