After the dive under 1900 last week on Thursday, Gold reversed and on Friday managed to break also above the resistance of the falling wedge pattern started in mid-June.
At this moment the price is at 1919, just under local resistance and a break to the upside could expose 1940 important resistance.
1910 is interim support and dips to this zone should be bought.
I'm bullish as long as the recent low is intact.
On the daily time frame we also have a bullish reversal Morning Star candlesticks pattern:
At this moment the price is at 1919, just under local resistance and a break to the upside could expose 1940 important resistance.
1910 is interim support and dips to this zone should be bought.
I'm bullish as long as the recent low is intact.
On the daily time frame we also have a bullish reversal Morning Star candlesticks pattern:
Note
New Your open update:Gold reversed exactly from 1910 interim support.
A break of Friday's high would expose 1940 resistance
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
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.