XAUUSD has recently found its support level, which is the middle line of the upward channel and the 38.20% Fibonacci level. Locally, gold broke through the resistance line of the falling wedge being a historically bullish reversal formation.
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.