joestar95

Rising wedge on gold chart

OANDA:XAUUSD   Gold Spot / U.S. Dollar
we can see that gold price is in bullish move from the last pullback at 2278 after breaking the pervious resistance as we can see in the chart price is now forming a rising wedge pattern which its a bearish pattern so expected that after the price finish the ABCE and breaking below the lower line of the pattern a pullback correction to the support level at 2335

My telegram channel t.me/JoestarSignals

Provide-signals target goal analysis and education
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.