Gold is trading inside a rising wedge on the 4H chart — typically a bearish reversal pattern but often bullish during strong trends. Price consistently respects this zone during retracements, offering reliable bounce setups. Each Golden Pocket bounce aligns with a rising trendline, strengthening the support zone.
Price is hovering below upper wedge resistance — suggesting a possible pullback to the lower trendline. Another bounce at Golden Pocket + trendline could offer a long entry. A breakdown below trendline support could shift sentiment toward a deeper correction.
If You Fallow our analysis and enjoy from this analysis
Price is hovering below upper wedge resistance — suggesting a possible pullback to the lower trendline. Another bounce at Golden Pocket + trendline could offer a long entry. A breakdown below trendline support could shift sentiment toward a deeper correction.
If You Fallow our analysis and enjoy from this analysis
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.
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.