SasikumarMani

Gold XAUUSD, Falling Wedge Pattern Breakout, Target $2440 (+4.5%

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
In Gold XAUUSD, Falling Wedge Pattern formed and Breakout. So Target is $2440. And also consider a Wolf Wave Pattern.

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Trade active:
It is just a retest of the trendline after the breakout. Wait for an uptrend continuation. If the market closes below 2300, then it indicates a trend failure or a trend change. Refer to this image.
Comment:
Pattern was changed to Triangle. If continue to Uptrend, Next Target is Triangle Top.
Refer to this image :
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