Gold XAUUSD, Falling Wedge Pattern Breakout, Target $2440 (+4.5%
In Gold XAUUSD, Falling Wedge Pattern formed and Breakout. So Target is $2440. And also consider a Wolf Wave Pattern.
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It is just a retest of the trendline after the breakout. Wait for an uptrend continuation. If the market closes below 2300, then it indicates a trend failure or a trend change. Refer to this image.Note
Pattern was changed to Triangle. If continue to Uptrend, Next Target is Triangle Top.Refer to this image :
Note
Finally, Pattern changed but Target Reached.
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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.