VasilyTrader

GOLD (XAUUSD): Potential Bullish Scenario Explained 🥇

Long
VasilyTrader Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Hey traders,

Gold remains very weak and indecisive.
The price is coiling above a daily key level.

Analyzing the intraday perspective,
I spotted an expanding wedge pattern on 6H time frame.
Its bullish breakout will be a strong bullish signal.
Then the price will most likely reach 1810 level.

In case of a bearish breakout of a blue zone on a daily,
bearish continuation will be expected.

Are you bullish or bearish on gold?

❤️Please, support this idea with like and comment!❤️

Comment:
Check my new analysis on AUDUSD:

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
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.