GOLD at Wedge Pattern
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Greetings, dear friends! Let's dive into today's gold price trends together!
As anticipated, gold continues its subdued trading, still unable to break through the resistance level of $2035. However, it's holding steady, elegantly navigating within a price wedge pattern. We stand at a crossroads, awaiting pivotal market news that could swing the pendulum in one of two directions:
Scenario one: Gold breaks free from the wedge, descending towards the support level at $2017.
Scenario two: Gold surmounts the $2035 resistance, aiming for the current bullish expectation at $2050.
I'm leaning towards scenario two with high anticipation. What about you?
BUY @ 2025-2026
TP 1: 2030
TP 2: 2035
SL :2022
As anticipated, gold continues its subdued trading, still unable to break through the resistance level of $2035. However, it's holding steady, elegantly navigating within a price wedge pattern. We stand at a crossroads, awaiting pivotal market news that could swing the pendulum in one of two directions:
Scenario one: Gold breaks free from the wedge, descending towards the support level at $2017.
Scenario two: Gold surmounts the $2035 resistance, aiming for the current bullish expectation at $2050.
I'm leaning towards scenario two with high anticipation. What about you?
BUY @ 2025-2026
TP 1: 2030
TP 2: 2035
SL :2022
Note
Now AgainSell @ 2033-2034
TP 1: 2025
TP 2: 2018
SL 2038
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