XAUUSD (GOLD) Technical Analysis 4

Jun 12, 2020

Gold has hit the resistance trendline of a bullish (falling) wedge clearly seen on the H3 (3 hours) chart, I expect the metal to fall towards the support level and even beyond it to hit the support trendline of the wedge. This fall could mark a break of the D1 (1day) bearish (rising) wedge.

This is my idea and I stand to be corrected.

Trade smart 🔅

Jun 15, 2020

Note

Gold is currently at a strong resistance level at 1720.20. The market is beautifully respecting our analysis. I expect it to go as low as the 1570 + level. But let's observe the market.

Trade smart. 🔅