Gold Technical Update (15-Min Timeframe)
Gold is forming a Rising Wedge pattern.
Resistance zone: 128600 – 128800.
If the resistance zone holds, selling pressure may increase.
The pattern indicates a potential downside move if price breaks below the lower trendline.
Traders should watch for a breakdown confirmation before taking any fresh positions.
Gold is forming a Rising Wedge pattern.
Resistance zone: 128600 – 128800.
If the resistance zone holds, selling pressure may increase.
The pattern indicates a potential downside move if price breaks below the lower trendline.
Traders should watch for a breakdown confirmation before taking any fresh positions.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
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.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
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.