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Goldusd

Gold (XAUUSD): Multiple Time Frame Technical Outlook 🟡 Gold has recently violated a key daily structure resistance. The price has nicely respected that after a retest and the market keeps growing now. The momentum definitely started to slow down. I spotted a rising wedge pattern on 4H and a contraction of a price action. If you want to buy gold, the best strategy will be to buy after a pullback I would suggest looking for a bearish breakout of the wedge. Its violation will most likely initiate a correctional movement. There are 2 safe points to look for buying opportunities: 1871 - 1879 support and a major rising trend line. I will post an update once I spot a decent trading setup. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
7
There might have to ways for gold - personal analysis In the 1 hour frame I did noticed there is a triangle pattern in up trend which may indicate a possible of a down trend until it hit the strong support levels 1916, and it should go and hit 1929 and keeps going until it hits the level 1937. reminder this is to increase knowledge in trading and exchange opinions so pleas be aware and do your research before taking an action /put a trade order. personal analysis and not an advice. Please comment if you have any other ideas.
TVC:GOLDLong
by cn_s
2