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What Happens in Gold Trading after a Rising Wedge Pattern?

The Rising Wedge chart formation represents a bullish continuation pattern - this market indication suggests that the current Gold trend is experiencing a temporary pause before the existing upward price movement for Gold recommences.

A rising wedge upward continuation pattern means the market pauses before the uptrend resumes. In an uptrend, this rising wedge shows prices consolidate while climbing higher. It forms a wedge shape. Wait for pattern confirmation before trading this bullish signal. An upside breakout confirms it, and prices keep the uptrend going.

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