GOLD - (ETF) - 3 Patterns in Play
The chart depicts 3 different patterns and along with the 50 and 200 MA makes support and resistance areas pretty clear. It is a wait and watch situation. I will wait for the weekly candle to close whilst my bias is a downturn to the $155 area and the 200 MA.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.