GOLD: bearish 'High Wave' pattern

GOLD: bearish 'High Wave' pattern

Information is not investment advice

There're bearish patterns such a 'High Wave' and a 'Tower', which both have been confirmed, so the price is declining. In this case, it's likely that the market is going to test the next support at 1263.60 in the coming days. If a pullback from this level happens next, bulls will probably try to reach the closest resistance at 1283.62.

2105xauusdD.png

Similar

Popular

Levels for trading USD/CAD

To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).  

Choose your payment system