Gold Analysis 06.01.2022
Yesterday Gold made the first Lower High after three weeks of bullish momentum.
The impact of positive USD news also helped in correcting to levels below 1808.
As I can see there is ascending wedge pattern which may be broken out in one or two more peaks.
Considering the pattern I expect a breakout to 1845 level.
Today I suggest to go long with SL 1796 and TP 1828.
The impact of positive USD news also helped in correcting to levels below 1808.
As I can see there is ascending wedge pattern which may be broken out in one or two more peaks.
Considering the pattern I expect a breakout to 1845 level.
Today I suggest to go long with SL 1796 and TP 1828.
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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.
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.