XAUUSD is forming a consolidation after breaking the resistance of the wedge. On D1, the price is stopping near a strong level and preparing for something-oConsolidation above the previously broken line forms a potential, it can be either a break of resistance and formation of further momentum, or a false break of a strong level and further fall.
Now everything depends on Unemployment and NFP, the data will be published soon.
On the chart we see the formation of a symmetrical triangle, in this case it means a strong accumulation before a breakout to one side or the other.
Support levels: 1942
Resistance levels: 1947
I expect a strong reaction on the background of the approaching news. A breakout of the figure boundaries will give us a strong reaction in the market.
Regards R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
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🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
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