Gold (XAUUSD) Bullish Wedge & Rejection of Double bottom!
Yellow Metal appears to have finally geared up enough momentum to return to rallying,
after having bounced off the top of bullish wedge and also formed a double bottom.
Technical clues:
Rejection of Double bottom.
Bounced off the Bullish wedge.
Broken structure of conflict area (50EMA, Trendline and Key level 1910)
Strong bullish Momentum (Price action)
Created Proper Consolidation phase before Broken structure.
PS: First of all, this is not a recommendation. the purpose of this analysis is to clear
the upward direction (Trend) of Gold. Proper Levels and Recommendation
will be share soon,
after having bounced off the top of bullish wedge and also formed a double bottom.
Technical clues:
Rejection of Double bottom.
Bounced off the Bullish wedge.
Broken structure of conflict area (50EMA, Trendline and Key level 1910)
Strong bullish Momentum (Price action)
Created Proper Consolidation phase before Broken structure.
PS: First of all, this is not a recommendation. the purpose of this analysis is to clear
the upward direction (Trend) of Gold. Proper Levels and Recommendation
will be share soon,
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