GOLD - Descending Wedge pattern @ 50 Fib + 50/200 MA Support
- As shown in the chart gold appears to be forming a Descending Wedge continuation pattern on the 15 Minute TF
- The pattern appears to be finding support at the 50 Fibonnaci retracement level of the rally seen this morning from ~ 1488
- Pattern also finding support at both the 50 and 200 Moving average's
- The pattern appears to be finding support at the 50 Fibonnaci retracement level of the rally seen this morning from ~ 1488
- Pattern also finding support at both the 50 and 200 Moving average's