Gold Spot / U.S. DollarUpdated Gold (XAUUSD)
Gold general overview is straight forward, almost. There was a huge swing for gold in a somewhat sideway channel in which gold made 3 topes at 2065-2075 area. After the last time gold touched this area, price came down, but didn't break the uptrend line. If price wants to go down, first it has to cross this line. Otherwise, price can rise again approach the 3 tops area again. Let's see what happens.
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On 4H timeframe, we can see that gold recently made a lots of triangle/wedge patterns. So, have to wait for the price to breaks either sides.
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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.