🥇 GOLD A wedge is formed. Resistance breakthrough
Gold closes inside the wedge format range. In an uptrend, whales could potentially be set to break wedge resistance
TA on a high timeframe:
1) Trend bullish. Lower right chart: gold is consolidating above the February 1960 high - price is in the green zone
2) Left lower chart: trend demonstration
TA on the low timeframe:
1) A wedge is forming. The price makes a false breakout of the wedge and heads towards support.
2) Breakout of the interest zone 1965-1962 can send the price down to 1957.
3) The medium-term potential is on the side of the buyers
4) I think the price will rebound from the uptrend support line and go towards the resistance figure
5) In the medium term there is a high probability of a breakthrough of the wedge resistance and growth of the price to 1980 and 2000
TA on a high timeframe:
1) Trend bullish. Lower right chart: gold is consolidating above the February 1960 high - price is in the green zone
2) Left lower chart: trend demonstration
TA on the low timeframe:
1) A wedge is forming. The price makes a false breakout of the wedge and heads towards support.
2) Breakout of the interest zone 1965-1962 can send the price down to 1957.
3) The medium-term potential is on the side of the buyers
4) I think the price will rebound from the uptrend support line and go towards the resistance figure
5) In the medium term there is a high probability of a breakthrough of the wedge resistance and growth of the price to 1980 and 2000
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❤️ Telegram channel: t.me/AndeWave
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❤️ Telegram channel: t.me/AndeWave
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.