Here's below my client's recent XAU/USD trade:
Currently, I reckon if it rejects the "Potential BUY ZONE," it has the potential to climb back up to the "Potential target," maybe above to breaks the upper rising wedge line.
Catalyst:
- US Flash Manufacturing PMI
- US CB Consumer Confidence
- US Prelim GDP
- US Unemployment Claims
- US Consumer sentiment
- FOMC
- Covid-19 breaking news
- Trump v Biden Breaking news
Currently, I reckon if it rejects the "Potential BUY ZONE," it has the potential to climb back up to the "Potential target," maybe above to breaks the upper rising wedge line.
Catalyst:
- US Flash Manufacturing PMI
- US CB Consumer Confidence
- US Prelim GDP
- US Unemployment Claims
- US Consumer sentiment
- FOMC
- Covid-19 breaking news
- Trump v Biden Breaking news
Note
Title Typo: Supposed to be "Falling wedge pattern."
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Upgrade Your Trading Station with Gold Cartel
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.