Long

GOLD (XAUUSD): Potential Bullish Scenario Explained 🥇

Updated

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?

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