Gold has broken the falling wedge!

Aug 22, 2023

XAUUSD broke the falling wedge and nicely retested it as well. It is forming a nice bottom here. 1928 and 1940 should be initial targets.


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Aug 23, 2023

Note

Well, nice push! MACD is about to turn bullish in 1D frame which indicates this move will continue.

Aug 23, 2023

Note

If gold can close above 1922, it will light a buy signal for supertrend in 12H as well. That's an important resistance for the short term.