Get started
JamesZhang

XAU/USD comes to a turning point

Gold Spot / U.S. Dollar (FX:XAUUSD)  
JamesZhang Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
2
0
  • XAU/USD just finished a Wedge structure, and it's now come to a turning point.
Comment:
The price has stepped out of wedge structure, and is going to test the previous resistance of 1260.
I opened a long order at 1230 when it broke the structure, and look forward to first target of 1260.
Comment:
The price is testing the support of 1212 of Fibo 23.6%.
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.