GOLD (XAUUSD): Multiple Time Frame Analysis & Trading Plan 🥇

Oct 22, 2023

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.

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Oct 23, 2023

Note

Breakout is confirmed
now we see a retest

Oct 25, 2023

Trade closed: target reached