Gold has broken the falling wedge!

XAUUSD broke the falling wedge and nicely retested it as well. It is forming a nice bottom here. 1928 and 1940 should be initial targets.


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Comment:

Well, nice push! MACD is about to turn bullish in 1D frame which indicates this move will continue.

Comment:

If gold can close above 1922, it will light a buy signal for supertrend in 12H as well. That's an important resistance for the short term.