Gold (XAU) Technical Analysis

Oct 18

Gold Daily Chart – Breakout from Descending Broadening Wedge
The gold marketplace has damaged out of the descending broadening wedge sample at the each day chart. The charge keeps bullish momentum inside the ascending broadening wedge sample, with a goal variety of $2800-$3000.

Gold 4-Hour Chart – Price Target of $2,745
On the 4-hour chart, the charge is breaking above the midline of the ascending channel. This charge power suggests the short-time period goal of $2,745, measured from the ascending channel resistance line. The RSI tactics the overbought region. Therefore, expenses would possibly consolidate earlier than the following rally.

💎 GOLD sell 2710 - 2712💎

✔️TP1: 2690
✔️TP2: 2680
✔️TP3: OPEN

🚫SL: 2720

💎 GOLD buy 2690 - 2692💎

✔️TP1: 2710
✔️TP2: 2720
✔️TP3: OPEN

🚫SL: 2683