Gold Spot / U.S. DollarUpdated XAUUSD might fall below...
Gold is trading within a RISING WEDGE pattern.
After its rejection to 1824 yesterday, it might give us a new low if it breaks down below the structure around 1785.
It might expose the support around 1766-1745.
However, if the bulls take over again, it might bounce up and breaks the upper limit which could potentially went up to 1830-1850.
Great setup and patience is the key.
After its rejection to 1824 yesterday, it might give us a new low if it breaks down below the structure around 1785.
It might expose the support around 1766-1745.
However, if the bulls take over again, it might bounce up and breaks the upper limit which could potentially went up to 1830-1850.
Great setup and patience is the key.
Note
TP Hit at 1875
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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.