Gold Short WEDGE PATTERN

21 במרץ 2020

As you can see on the chart gold have formed a wedge pattern on the 1 hour chart with LH AND HL meaning that prices are struggling to keep up with the downward demand making this a perfect oportunity to look for shorts which have been the trend lately! You could either look for candle close under the bottom support and enter a short position with a sl just above the line or you could use this consolidation that have been going on to wait for a test of the upper trend line and wait for a engulfing candle downward and enter a sell with stops just above the upper line and TP at the bottom line :)

:D