Gold managed to form the Falling Wedge pattern, but this pattern was NOT completed and failed.
4 hours ago gold candle managed to break the Lower line of the Falling Wedge pattern and the Support line.
📚In general, when a reversal pattern fails, this pattern becomes a continuation pattern, so the Failed Falling Wedge pattern can also be a 💡sign💡 of breaking the 🟢gold-heavy support zone($1904-$1886.40)🟢.📚
🔔For a better understanding of 🗺️Gold's road map🗺️, I suggest you read the following post to know about 🎯Gold's next Targets🎯.👇
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
4 hours ago gold candle managed to break the Lower line of the Falling Wedge pattern and the Support line.
📚In general, when a reversal pattern fails, this pattern becomes a continuation pattern, so the Failed Falling Wedge pattern can also be a 💡sign💡 of breaking the 🟢gold-heavy support zone($1904-$1886.40)🟢.📚
🔔For a better understanding of 🗺️Gold's road map🗺️, I suggest you read the following post to know about 🎯Gold's next Targets🎯.👇
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
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.