theboyCODY

Potential LONGS on XAUUSD

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Price failed to break the SUPPORT TRENDLINE therefore we are currently having a 3rd touch on our trendline and the previous Daily candlestick created a DOJI which to my understanding of price action it indicates a REVERSAL in the market or low momentum. Market structure is showing me a broadening wedge triangle.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.