As we can see
gold has truly breakout bearish pennant before and now he just making new pattern such as Falling Wedge
My prediction for gold is Bullish
Why?
We can see on daily timeframe the bearish structure appear as a Descending channel
then we can see on lower timeframe Gold making Falling wedge and also clear bullish divergence
however, gold can be continue bearish to 1670-1680 if he break the support trendline on 1H timeframe
so i just waiting for confirmation to buy
Kindly share your perspective below !
gold has truly breakout bearish pennant before and now he just making new pattern such as Falling Wedge
My prediction for gold is Bullish
Why?
We can see on daily timeframe the bearish structure appear as a Descending channel
then we can see on lower timeframe Gold making Falling wedge and also clear bullish divergence
however, gold can be continue bearish to 1670-1680 if he break the support trendline on 1H timeframe
so i just waiting for confirmation to buy
Kindly share your perspective below !
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