XAU/USD GOLD Is Rising

Hi every one
Gold Spot / U.S. Dollar

as you can see in XAU/USD chart you can see a falling wedge pattern as well as strong support which is yearly support!
so the price is approaching it's yearly support and by seeing the falling wedge pattern we expect the price to rise but only if the price break the falling wedge pattern!
you can also see the Elliott wave Pattern as well which the price is in the 4th wave, so there is a high chance that the price is about to rise!
so we recommend you to take position accordingly
targets are:
t1:1820.00
t2:1870.00
strong support:1745.000

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Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast

Thank you for seeing idea .
Have a nice day and Good luck.

Trade closed: target reached:

Reached tp1

Trade closed: target reached

Comment:

Gold price is decreasing