barry_fxtrader

Long scenario on Gold

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
This is not a trade recommendation. This is just some simple observational analysis on a descending wedge on the daily/Weekly Gold time frame. This could mean that in the longer term gold could see a rally to around the 1400 level. This is also dependent on many other confluences which I have omitted from the chart.

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