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VasilyTrader
Aug 13, 2022 9:26 AM

GOLD (XAUUSD): Detailed Technical Outlook πŸ₯‡Β Short

GoldOANDA

Description

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Hey traders,

Gold closed within a major horizontal weekly structure resistance again.
Analyzing an intraday perspective, I spotted a rising wedge on 12H time frame.
The price nicely bounced from its support on Friday.

To catch a correctional move from the underlined structure, wait for a bearish breakout of a wedge's support.
It will trigger a bearish move at least to 1775.

Alternatively, weekly candle close above a yellow area will trigger a bullish continuation.

Good luck next week!

❀️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❀️

Comment

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Check my new idea on Oil:
Comments
VasilyTrader
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Wait for a wedge's support breakout
that is your trigger to short, traders
UnitedSignals
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I have similar expectations here bro!
TORNADOF5
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hey , what do you think about dow ? are we srsly back in bull market ? ioi
VasilyTrader
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@TORNADOF5, Heeey
I don’t really think so
I assume that we are still in a bearish trend
And a current bullish move is just a correctional movement
TORNADOF5
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@VasilyTrader, i saw ppl are grubbing every stock IoI
i think the same we could be in danger zone
sifumin
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Thanks for sharing
ProSignalsFx
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Awesome idea bro!
TopTradingSignals
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Cheers!
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