Triangle Pattern, Gold is going to 1909!Gold is looking bull after consolidation with triangle pattern
This price action would make gold go bullish to 1909 and might test 1920 level
Xauusdbullish
Gold Fake Out Play at 1,700 Level1-Hour:
Price crossed below the 1,700 level and quickly retraced above it. It tested this level again, but held supported as well. This is the third wave where we're expecting bullish momentum to build up.
1-Day:
This 1,700 level is also apparent on the daily timeframe. However, we might end up seeing this pair range as it pulls away from this level. As a result, as I set a modest first target of 1,722 and will wait to see how momentum plays out closer to that level.
Gold bullish structure formation1-Day:
The 1,700 level is a reversal point. Price dipped to this level and formed a daily doji.
1-Hour:
Over on the hourly, we're also seeing the structure change. Price is beginning to paint higher highs and higher lows. I currently have my entry set at the 1,733 level which is where the moving averages have converged. This is a good potential to ride the next wave higher.
Xauusd Bullish scenarioGold has made an incredible push upwards and I fell a small retracement is in order but will it be able to return back down? Or will gold continue rising? Plz share your ideas.
Gold is going upGold is in buy mode as US impose 17 different banns on Iran Steel mils and Textile mils. Further more on H4 Chart, Gold is making Head and shoulder Pattern which also indicate us for further bullish move.
Ill be looking for Buying opportunity on Gold this week My Idea on Gold this week is to look for buying opportunities, also seeing a M pattern forming but we would have to see how this couple of candles closes, Ill keep on a look out if it reaches the 1550.00 zone if it breaks structure will have another whole picture
