Gold 6.27.2021 (preparing for my entry position)
6.27.2021 Gold $1781.50
I see two different risk entry positions.
- The technical analysis shows that since August 2020, it created falling wedge pattern which mostly breaks up.
- The dynamic uptrend trend line which I drew in green is a strong support, therefore; if it takes another support at price around $1750 it is a long entry.
- If it breaks the support I will look for a short position.
I see two different risk entry positions.
- The technical analysis shows that since August 2020, it created falling wedge pattern which mostly breaks up.
- The dynamic uptrend trend line which I drew in green is a strong support, therefore; if it takes another support at price around $1750 it is a long entry.
- If it breaks the support I will look for a short position.