XAUUSD has recently found its support level, which is the middle line of the upward channel and the 38.20% Fibonacci level. Locally, gold broke through the resistance line of the falling wedge being a historically bullish reversal formation.
Great work as usual, what do you think about our bullish scenario?
benbllngr
⋅
Dont agree. look at volume. volume declined during the "wedge" pattern which is good but it has not increased on the "break out" which suggests gold is still in consolidation and a big move is still coming
ScreenMaker17
⋅
Hi,
here is my idea
ScreenMaker17
⋅
Target reached :)
moeenkhaksar
⋅
TopgOptions
⋅
great analysis! still looking bearish on many indicators:
DILL13
⋅
Nice work
susta
⋅
The channel you have drawn is still valid. Great TA
TradingOn
⋅
Pulled back and bounced so far, nice TA mate!
I think we could hedge some BTC with PAXG on Binance by the way: