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VasilyTrader
Jan 29, 2022 7:50 AM

GOLD (XAUUSD): Oversold Market & Pullback 🥇 Long

GoldOANDA

Description



Hey traders,

For the 3 consequent days, Gold was falling.
The market already lost more than 3.5% from a current high.

The price reached a daily demand zone on Friday.
Analyzing a reaction of the price to that on intraday time frames
I spotted multiple rejection and a bullish breakout of a falling wedge pattern on 1H time frame.

I believe that it's time for a pullback.

Intraday goals:
1799
1805

Have a great weekend!!!

❤️Please, support this idea with like and comment!❤️

Comment

Check my new analysis on EURUSD:
Comments
EliteTradingSignals
Given how the pair was trading in trading lately, your conclusion is the only one possible!
VasilyTrader
@EliteTradingSignals, thank you buddy!
yaabebe
clean chart and simple explanation
great work
VasilyTrader
@yaabebe, thanks a lot brother :)
TradingAlchemist
Good job!
VasilyTrader
@TradingAlchemist, thank you buddy)))
Wolf_of_Trading
thanks for sharing , I have magic channel
VasilyTrader
@Wolf_of_Trading, good idea!
happyreturnsss3
👍
VasilyTrader
@happyreturnsss3, thank you my friend :)
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