💡Gold Chart Analysis (4-hour timeframe). Falling Wedge Pattern: The technical chart shows a falling wedge pattern, a bullish reversal pattern. It has been broken to the upside, indicating a potential continuation of the uptrend. Key Support Area (S.1): After the breakout, the price retested the shaded support area (S.1), which was previously resistance and has since been converted into support.
The MACD indicator is showing increasing activity that coincides with the upward trend, supporting the possibility of a continued uptrend.
⛔️Not investment advice for educational purposes only.
The MACD indicator is showing increasing activity that coincides with the upward trend, supporting the possibility of a continued uptrend.
⛔️Not investment advice for educational purposes only.
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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.