GOLD (XAUUSD): Bullish Wave is Coming?! 🥇

Long

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

Updated

OANDA:XAUUSD Gold Spot / U.S. Dollar

trendanalysis chartpattern waveanalysis gold xauusd silver xagusd futures

Hey traders,

It looks like Gold is preparing for the next bullish wave.
The price set a higher low on 4H and broke and closed above a resistance line of an expanding wedge pattern.

Goals for buyers:
1914 - current local high
1930 - next strong resistance

Demand area is now based on a support line of a major daily channel & broken wedge's resistance.

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Comment:

Check my new idea on EURUSD:

EURUSD: Bearish Continuation Continues! Technical Analysis:

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