Mihai_Iacob

Gold- Time for correction?

Short
OANDA:XAUUSD   Oro / Dollaro
In my yesterday's comment I said that Gold could rise above 1800 and, indeed, the price spiked up. However, bulls were unable to keep the price elevated and the market closed with the price under this important figure.
From a technical point of view, the rise since the beginning of August is in a rising wedge and the support of this pattern is now broken down.
A correction could follow from this point on and, in my opinion, rallies should be sold.
I'm bearish on Gold as long as yesterday's high is intact.

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.