A view on a gold marketOleg Alexandrov
A wedge – small balance
B wedge – a balance of the bigger size
1) trap (bulls entering, bears stopping out) before…
2) .. effort of bears for real breakdown
The A wedge was broken in the bearish direction. While price is holding below (2) 1485 level –> we should pay more attention to the bearish ideas. There is no clear indication of the break of B wedge. That is why watch for Traps before Real Impulse as they appear on any financial market, not only on #gold
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