Gold Rising Wedge
$1266 line in the sand
According to Bulkowski the price target could be $1216 or $1196. But clearly a lot lower from here.
KEEP IN MIND: USDJPY bullish engulfing today….does not bode well for PMs….I view it as confirmation of the above.
The Bigger line in the sand is the one connecting THE bottom in Dec and the secondary low in March. Your line is a short term one
True, that’s another line. either way looks like we have to pay it a visit 🙂
Looks good. $1200 fits well with support too.