Hi traders,
On this XAUUSD chart we can see a wedge forming. What I would do in this situation is wait for a candle to close outside the wedge. What usually happens is a small retracement and then the move continues.
Bullish target would be around 1375 and 1320 for a bearish target.
Let's see what happens. Updates will follow.
On this XAUUSD chart we can see a wedge forming. What I would do in this situation is wait for a candle to close outside the wedge. What usually happens is a small retracement and then the move continues.
Bullish target would be around 1375 and 1320 for a bearish target.
Let's see what happens. Updates will follow.
Commentaire:
Very likely to see some bearish movement from here.
Commentaire:
Going great so far. There are two AB=CD patterns completing soon. Price might go up from there . Check the comments below for more information.
Commentaire:
Price rejected off the completed AB=CD pattern. I'm expecting to see upwards movement to the 1334 area.
