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ThinkingAntsOk

"Top and Bottom Analysis" XAUUSD (GOLD) by ThinkingAntsOk

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
ThinkingAntsOk Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis XAU USD XAUUSD Gold Commodities LONG
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trendanalysis supportandresistance mtfa xau usd xauusd gold commodities long
4H CHART EXPLANATION:

As we explained on the Daily Chart, price is currently on a corrective pattern, in this case a Descending Wedge.
Also, price has been bouncing at 1282 level since the beggining of the year.
We will wait for a clear breakout and consolidation of the price above the structure, looking for long trades above 1294 towards the Resistance Zone at 1344.


MULTI TIMEFRAME VISION

-Weekly
snapshot

-Daily
snapshot
Trade closed: target reached

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