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Xauusdswing

XAUUSD W pattern in formation!!!!What is the possible scenario here??? According to me, a W pattern may be forming in the 4 hr chart as we know that GOLD prices are still bullish and also the rejection of the downside is seen again and again in the 4 hr chart. Also, this region holds support too so, buying can be triggered again here. So, if you have a position open in long then keep it open otherwise do not short and once we get reversal i.e. prices move above 1747 levels and get stable we will be entering in long for the same target of 1765 and above this time. BUYING REGION - 1727-1747. PS- DO NOT SHORT THIS PAIR!!!! Stay tuned and follow me for more updates :)
FX_IDC:XAUUSDLong
by ng_forex
Updated
BUY XAUUSDAs we can see that at the beginning of this week XAUUSD was going down but it clearly got a strong support at 1700 level and we are getting this short triangle nearly ending and its showing upward potential, and if this happens as we thought then after breaking and stabilizing above 1740 levels will give a bull run towards 1800 levels. So, it's a great buying opportunity for long term traders with almost 100 USD to bag. It's a great opportunity, so go for it!!! BUY IT NOW!!!!! FOR GREAT SWING. :)
FX_IDC:XAUUSDLong
by ng_forex

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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