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TBonch

XAUUSD Bulls Incoming >>

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
TBonch  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis Gold XAUUSD xauusdlong xauusdbuy Falling Wedge continuation goldh4 goldidea tradeidea
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trendanalysis chartpattern waveanalysis gold xauusd xauusdlong xauusdbuy fallingwedge continuation goldh4 goldidea tradeidea
From this analysis, we can see a bullish falling wedge has formed with a double bottom at support. This is giving me confidence for a strong bullish movement incoming.
Confirmations of Long Entry
  • Falling wedge
  • Daily Impulse Correction
  • Double bottom at support with the neckline at resistance
  • Break and retest of a double bottom or trend line for entry
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