2023-02-13 13:22:54
XAU/USD
Gold can break resistance of wedge and begin to rise
Hello my friends, today I want to talk to you about Gold.
The price after a long rise begin to decline, and thus, formed the downward wedge.
Gold is traded inside the wedge, but can exit it and start growing.
We see the price tested the support line of wedge and started uphill.
Now the price is close to the resistance line and can continue to rise and breakout it.
I expect that after a possible beating of the resistance line, the price can continue to rise.
In that case, I decided to set 2 targets for Gold.
First target I set at level 1890, second target I set at level 1920.
I expect such a scenario.
This is an article not financial advice, always do your own research.
https://www.tradingview.com/x/yx6ifqKG/
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