GOLD (XAUUSD): Multiple Time Frame Analysis & Trading Plan 🥇
Updated
https://www.tradingview.com/x/y3suAXA4/
Gold closed, respecting a key horizontal daily resistance.
Analyzing a 4H time frame, I have spotted a rising wedge pattern.
Its support breakout can be an important sign of strength of the sellers.
Candle close below may initiate a correctional movement on the market.
Bearish movement will be anticipated to 1954 then.
Alternatively, a bullish breakout of the underlined red structure on a daily
will trigger a further bullish continuation.
❤️Please, support my work with like, thank you!❤️
Gold closed, respecting a key horizontal daily resistance.
Analyzing a 4H time frame, I have spotted a rising wedge pattern.
Its support breakout can be an important sign of strength of the sellers.
Candle close below may initiate a correctional movement on the market.
Bearish movement will be anticipated to 1954 then.
Alternatively, a bullish breakout of the underlined red structure on a daily
will trigger a further bullish continuation.
❤️Please, support my work with like, thank you!❤️
Note
Breakout is confirmednow we see a retest
Trade closed: target reached
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