Gold (XAUUSD)Long
GOLD - Falling Wedge
A falling wedge along a bullish divergence on RSI Formed on Gold. It may result in breaking of this wedge and gold may start print new highs on 1hr timeframe. Currently we can see that it seems like its in accumulation phase right now. And its been observed that rally comes after accumulation phase oftenly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.