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TFC Commodity Trading Forum

Re: Another Chart Pattern on Gold/Lee

That happens to me all the time. Especially on intraday charts. Right when I think of placing the order price shoots straight up. I guess I must spot something bullish and by the time I put it together on how much of it I want at what price etc etc it is a bit late. I know I should only look at about 3 markets and forget the rest as I get scattered a lot looking at too many markets. Makes me feel like a rubber ball being bounced around in a 10x10 concrete room. But price resistance here now is the Nov low at 1670 and the major resistance is the downtrendline at about 1690 presently. A pullback back down to the lower Wedge support line would get me long big time. I might jump on this bounce if I see something worth trading intraday.