FX:XAUUSD   Gold Spot / U.S. Dollar
Hi Traders!
From a technical point of view, gold has correctly worked our consolidation area (see chart below), and has triggered an interesting technical rebound on intraday charts. At the moment we see a resistance area around 1.336/1.342 that could trigger a pullback, let's see ..

.png' src='/static/images/svg/idea-image-placeholder.svg' alt='[GOLD] CONSOLIDATION?' class="js-image-lazy-load">

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Trade closed: target reached:
so much for resistance
any idea what now? :o
Good job
+1 Reply
hi @SignalSwiss. can you tel me what you think about my analysis.

Nice job
+1 Reply
how did you come up with the resistance points? is it levels fib ext or?
+2 Reply
Great idea
+1 Reply
thanks for your chart i gave you a like :)
+1 Reply
There is a rising wedge pattern. If the price will bounce from the downward trendline and then break the rising wedge formation would you short it?
+2 Reply
Thank you for your update. May I ask how you calculated resistance at around 1336/1342
+1 Reply
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