2023-01-28 12:39:17
XAU/USD
Gold can exit of wedge and continue move up
Hello my friends, today I want to talk to you about Gold.
Gold has formed a descending wedge and is trades inside.
On graph shows how the price tested resistance line of wedge and bounced and begin to decline.
Currently, the price is above the support zone, but can go down and test it.
I expect that Gold after a possible retest support zone can to rise, break through the resistance line of wedge and continue to move upwards.
In this case, I see 2 goals for Gold.
First goal I set at level 1935, second goal I set at resistance level $1950.
I expect such a scenario.
This is an article not financial advice, always do your own research.
https://www.tradingview.com/x/1eaNS6Up/
1.2K views09:39