XAUUSD possible wedge breakout
Whilst drawing this wedge on the candle bodies, it is interesting to see that gold has potentially already started to break through it to further upside from Friday's final closing bullish candle.
If this bullish momentum continues on market open tonight and throughout the Asia session, then if price can break through the initial first resistance of the 1870 zone, then it could possibly target the 1890 previous high.
A break beyond that to target the 1900 psychological level would be interesting to see along with the anticipated big CPI news coming on Tuesday.
Interesting week ahead.
If this bullish momentum continues on market open tonight and throughout the Asia session, then if price can break through the initial first resistance of the 1870 zone, then it could possibly target the 1890 previous high.
A break beyond that to target the 1900 psychological level would be interesting to see along with the anticipated big CPI news coming on Tuesday.
Interesting week ahead.
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.