GOLD (XAUUSD): What to Look At Today 🥇
Updated
Hey traders,
A lot of questions about Gold.
As we discussed on yesterday's live stream, the price is currently approaching a lower boundary of a major demand zone on a daily.
Analyzing the intraday perspective we may spot a falling wedge pattern and an inverted h&s pattern inside on 1H time frame.
Our trigger to buy will be a bullish breakout of a neckline of the h&s pattern.
Wait for an hourly candle close above 1890 - 1895 area.
Then a bullish move will be expected to 1907 / 1924 levels.
If the price breaks the underlined yellow structure on a daily,
setup will be invalid and a further decline will be expected.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Note
Check my new idea on DXY: 
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
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.