Asset: XAU/USD (Gold Spot vs USD)
Timeframe: 30-minute chart
May be possible to set back bullish side
Pattern: Looks like a descending wedge followed by a breakout.
Target: Near the upper resistance
Suggests:
This chart is showing a potential bullish breakout from a descending wedge.
The price broke above the wedge's upper trendline, suggesting momentum shift.
A buy position is considered with:
Timeframe: 30-minute chart
May be possible to set back bullish side
Pattern: Looks like a descending wedge followed by a breakout.
Target: Near the upper resistance
Suggests:
This chart is showing a potential bullish breakout from a descending wedge.
The price broke above the wedge's upper trendline, suggesting momentum shift.
A buy position is considered with:
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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.