"Top and Bottom Analysis" XAUUSD (GOLD) by ThinkingAntsOk
Updated
4H CHART EXPLANATION:
As we explained on the Daily Chart, price is currently on a corrective pattern, in this case a Descending Wedge.
Also, price has been bouncing at 1282 level since the beggining of the year.
We will wait for a clear breakout and consolidation of the price above the structure, looking for long trades above 1294 towards the Resistance Zone at 1344.
MULTI TIMEFRAME VISION
-Weekly
-Daily
As we explained on the Daily Chart, price is currently on a corrective pattern, in this case a Descending Wedge.
Also, price has been bouncing at 1282 level since the beggining of the year.
We will wait for a clear breakout and consolidation of the price above the structure, looking for long trades above 1294 towards the Resistance Zone at 1344.
MULTI TIMEFRAME VISION
-Weekly
-Daily
Trade closed: target reached
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