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XAU/USD (GOLD) BULLISH OUTLOOK
Gold Spot / U.S. Dollar
Long
XAU/USD (GOLD) BULLISH OUTLOOK
By INVESTRONE
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Feb 27, 2023
4
Feb 27, 2023
XAUUSD
HI , TRADER'S , GOLD IS TRADING WITHIN FALLING WEDGE PATTERN
Falling wedge is bearish reversal pattern means price can reverse and go up
From last 3 week's Gold is bearish pressure , RSI AND STOCH NEAR OVERSOLD AREA
It indicate's that reversal in very near , 2 scenario's mentioned
if GOLD breakout upper wedge now than it can go upto 1832 area
if gold fall from current resistance than one more leg down to 1801 area and than back up again
Plan to buy dip's
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