XAUUSD IDEA
Emphasis on the wedge. The price can stay inside the boundaries as long as it wants, but a break of the resistance may cause an impulse that will send the price northward. Fundamental and technical background is favorable at the moment.
Resistance levels: 2500, 2519
Support levels: 2493, 2486
Technically, gold after a false breakdown is returning to the channel and testing the resistance of the wedge, an important figure in technical analysis. The market feels the struggle for the zone of 2490 - 2500. Local and global trends are still bullish.
Resistance levels: 2500, 2519
Support levels: 2493, 2486
Technically, gold after a false breakdown is returning to the channel and testing the resistance of the wedge, an important figure in technical analysis. The market feels the struggle for the zone of 2490 - 2500. Local and global trends are still bullish.
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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.