Gold (XAUUSD)Long
Double Bottom formation with Bullish pressure
1. Double bottom formation in a strong area of support
2. Vshape pattern formation on the 30min timeframe with price bouncing off 61.8 level of the Fibonacci retracement tool to the upside.
3. Price is anticipated to reach 1968.41 and collect liquidity from yesterdays High ahead of the news release
2. Vshape pattern formation on the 30min timeframe with price bouncing off 61.8 level of the Fibonacci retracement tool to the upside.
3. Price is anticipated to reach 1968.41 and collect liquidity from yesterdays High ahead of the news release
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.