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.
Chart PatternsTrend Analysis

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