GOLD (XAUUSD): Price Action & Technical Outlook 🥇
Hey traders,
Friday turned out to be very bearish for Gold.
The price lost almost 1,5% of its value.
Analyzing a current intraday price action on 4H,
we have a perfect foundation for an ascending triangle formation:
so far we have two equal highs and two higher lows.
As we know, ascending triangle is a classic bullish accumulation pattern.
To catch the next bullish wave pay attention to 1900 - 1905 resistance cluster.
Wait for its bullish breakout (4h candle close above) as a confirmation.
Then buy on a retest with you first goal - 1930 level.
For scalping, consider the boundaries of the triangle.
Being bearish biased, look for a bearish breakout of a trend line of a triangle before you sell.
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Nota
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✅My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.