Gold be cautious

mdrayan7 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is near its Trendline resistance of falling wedge. Above 1940 gold will breakout of falling wedge pattern. With DXY being week, it’s a good opportunity to buy Gold above 1940 only
Gold is also forming HL and HH which is clear indication that the trend will change soon
View is neutral now
If closes above 1940 can lead to a breakout
A rejection from cmp can lead to a new HL formation around 1920 level
Trade closed: target reached

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