GM Everyone! โ๏ธ
$GOLD sitting at a major support zone after completing a long-term falling wedge.
I'm expecting one more shakeout around 3,900 to 4,000 before buyers step in.
Bulls defend here and I'm targeting 4,450, then 4,800, then 5,200.
Lose 3,695 and the bullish case is off.
GM Everyone! โ๏ธ
$GOLD still bearish, sitting near channel lows with 4550 to 4610 capping every recovery attempt.
I need a strong 4H close above that zone to flip my bias.
Break and hold and I'm targeting 4800, then 5000, then 5200.
Lose 4438 and sellers stay in control.
GM Everyone! โ๏ธ
$GOLD broke out of a large falling wedge.
I'm watching the 4440 to 4460 retest zone. Hold this as support and the breakout stays valid.
I'm targeting 4620, then 4760, then 4840.
Lose 4343 and the entire breakout structure fails.