11021992

Gold wedge breakout [Just an idea]

FX:XAUUSD   Gold / U.S. Dollar
155 4 11
Hi traders,

On this XAUUSD             chart we can see a wedge forming. What I would do in this situation is wait for a candle to close outside the wedge . What usually happens is a small retracement and then the move continues.
Bullish target would be around 1375 and 1320             for a bearish target.

Let's see what happens. Updates will follow.

Comment: Very likely to see some bearish movement from here.
Comment: Going great so far. There are two AB=CD patterns completing soon. Price might go up from there . Check the comments below for more information.
Comment: Price rejected off the completed AB=CD pattern. I'm expecting to see upwards movement to the 1334 area.
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My View in Gold is now up. I'll just need 1hour more before I place a Long Position for Gold.
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An upward move seems very likely for the coming days. Good luck :).
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DeathYen 11021992
UP GOLD nice
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There are two AB=CD patterns completing soon. Price might go up from there .
snapshot
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