Gold

GOLD $GC Levels and Patterns Analysis

291
Traders and Investors,

Gold (XAUUSD) has been consolidating mostly but still has been giving a lot of great short term and swing trade opportunities.

I have updated the important levels and zones which can act as support and resistance. They should guide us a bit for the best possible trade opportunities.

There as possible W pattern forming. It has not formed or completed yet. It must first break the trend line and confirm the break. BTW, that trend line can also give us a good opportunities around it. Next, the price has to break the mid point of potential W pattern. Once it has done that, it can complete the W pattern.

Trade what you see, wait for the confirmations and manage the risk as always.

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