as Gold was overall in sell position and has completed a falling wedge pattern on Daily level as it has formed ABCDE and heading upwards it seems like it will retest (because we have a confluence on H1 is 200 EMA is showing a downward move) its 1911-14 level of support level and will rally upward another scenario could be that it looks like rally base rally then it will be a buy setup from here 1918 to 1929 level of Resistance which is also a trend line resistance of Daily level we will be buying this commodity from this level, another confluence is on daily level it has formed a Morning star which is a bullish signal..
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.