XAU/USD GOLD Is Rising
Updated
Hi every one
Gold Spot / U.S. Dollar
as you can see in XAU/USD chart you can see a falling wedge pattern as well as strong support which is yearly support!
so the price is approaching it's yearly support and by seeing the falling wedge pattern we expect the price to rise but only if the price break the falling wedge pattern!
you can also see the Elliott wave Pattern as well which the price is in the 4th wave, so there is a high chance that the price is about to rise!
so we recommend you to take position accordingly
targets are:
t1:1820.00
t2:1870.00
strong support:1745.000
we have dedicated a good amount of time for this analysis so support us by like and commenting our posts.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
Thank you for seeing idea .
Have a nice day and Good luck.
Gold Spot / U.S. Dollar
as you can see in XAU/USD chart you can see a falling wedge pattern as well as strong support which is yearly support!
so the price is approaching it's yearly support and by seeing the falling wedge pattern we expect the price to rise but only if the price break the falling wedge pattern!
you can also see the Elliott wave Pattern as well which the price is in the 4th wave, so there is a high chance that the price is about to rise!
so we recommend you to take position accordingly
targets are:
t1:1820.00
t2:1870.00
strong support:1745.000
we have dedicated a good amount of time for this analysis so support us by like and commenting our posts.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
Thank you for seeing idea .
Have a nice day and Good luck.
Trade closed: target reached
Reached tp1Trade closed: target reached
Note
Gold price is decreasing
📥┃ Join the platform where I trade and receive up to a $500 welcome reward! coinex.com/register?refer_code=n8fmk
📥┃Telegram: t.me/CobraVanguard
📥┃Advert/Partnership: t.me/I_am_michael_kennedy
📥┃Telegram: t.me/CobraVanguard
📥┃Advert/Partnership: t.me/I_am_michael_kennedy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.