XAUUSD continues to consolidate in the 1984 -1935 range while forming a local flat. The price breaks the resistance of the global pattern and gets a strong bullish signal.
On D1 we see the formation of a wedge, a strong enough pattern that is capable of forming awesome impulses. Price breaks the resistance and consolidates above the upper boundary of the pattern for several days. On the 4-hour timeframe, price is in consolidation 1965-1954. A resistance retest is forming and there is a strong possibility that price could break that line. On the H1 MA-200 and MA-50 we got a bullish signal. On H4 the MA-50 acts as support.
Strong support: 1954, MA-50, the previously broken wedge resistance Strong resistance: 1965 I expect that after the next retest of the resistance 1965, this level will be broken and we will see the growth towards 1981 and to 2000.
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