Long

GOLD (XAUUSD): Detailed Technical Outlook 🥇

A lot of questions about Gold.

At the moment, the price is testing a solid confluence zone based on 382 retracements of the last 2 bearish impulses
and a wide horizontal demand cluster.

Analyzing intraday time frames, I spotted a falling wedge pattern on 4H time frame.
I will be patiently monitoring the reaction of the price to its boundaries.
I assume that its bullish breakout may trigger a nice pullback.

I will post an update once I see a decent trading opportunity!

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

VasilyTrader

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

💰Instagram: instagram.com/VasilyTrader/ 💰

✅Facebook: facebook.com/VasilyTrading/ ✅

Related publications

GBPUSD: Important Breakout! What is Next? 🇬🇧🇺🇸

GBPNZD: Bearish Outlook 🇬🇧🇳🇿

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.