Hey Everyone,
The 1H chart setup is in a rising wedge formation drawn with Goldturns to isolate noise. It is geared for a push up before a push down to complete the wedge pattern. We have highlighted the weighted Goldturns to identify the targets and challenges.
EMA5 break and lock above 1738 Goldturn will fail and break the rising wedge pattern opening the upper range upto 1761. A rejection below 1738 will maintain the rising wedge pattern until we see the breakout geared for the break below to retest 1695 in line with the formation.
As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
The 1H chart setup is in a rising wedge formation drawn with Goldturns to isolate noise. It is geared for a push up before a push down to complete the wedge pattern. We have highlighted the weighted Goldturns to identify the targets and challenges.
EMA5 break and lock above 1738 Goldturn will fail and break the rising wedge pattern opening the upper range upto 1761. A rejection below 1738 will maintain the rising wedge pattern until we see the breakout geared for the break below to retest 1695 in line with the formation.
As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
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