GOLD (XAUUSD): Multiple Time Frame Analysis & Trading Plan 🥇

Gold closed, respecting a key horizontal daily resistance.

Analyzing a 4H time frame, I have spotted a rising wedge pattern.
Its support breakout can be an important sign of strength of the sellers.
Candle close below may initiate a correctional movement on the market.

Bearish movement will be anticipated to 1954 then.

Alternatively, a bullish breakout of the underlined red structure on a daily
will trigger a further bullish continuation.

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Commentaire:

Breakout is confirmed
now we see a retest

Trade fermée: cible de profit atteinte