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pullbacksignal
Sep 5, 2022 1:13 PM

Gold XAUUSD Technical Analysis Update 

GoldOANDA

Description

As you can see on the Gold XAUUSD chart, The price has reached a significant support level and it's possible that it forms a double bottom pattern and pushes the price higher to the trendline. In the lower time frame based on the minor levels we can look for breakout patterns or pullbacks to open the trade for the TPs. On the dollar index ( DXY ) the reversal pattern hasn't formed yet so this analysis 60% can be correct.

Wish good luck for everyone


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