Gold Analysis: Falling Wedge Breakout and Bullish Forecast

Sep 12

XAUUSD The market is clearly forming a falling wedge, and recent price action suggests a potential shift is on the horizon. Price has begun breaking through this downward structure, which could be the early signs of a strong bullish move.

I’m waiting for the price to retrace back to the broken trendline. This will act as a confirmation, filtering out any false moves, while a retest of the structure will solidify the validity of the breakout. From here, my target is 3682.

The key now is to watch the pullback. If the market returns to the trendline with rising volume, it will add weight to the bullish case.
This trendline breakout is more than just a signal – it’s a story in the making. It represents a shift, and with the right volume, structure, and timing, this could be the start of a larger bullish phase.

Sep 12

Trade active

Sep 16

Trade closed: target reached

Gold suddenly soared about 500 pips, exactly as forecasted earlier.

Sep 16

Note

Sep 16

Note

The upside potential for gold remains intact.

Sep 19

Note

Gold Trend Update - Is the Downtrend Starting?
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