XAUUSD is forming a consolidation after breaking the resistance of the wedge. On D1, the price is stopping near a strong level and preparing for something-oConsolidation above the previously broken line forms a potential, it can be either a break of resistance and formation of further momentum, or a false break of a strong level and further fall.
Now everything depends on Unemployment and NFP, the data will be published soon.
On the chart we see the formation of a symmetrical triangle, in this case it means a strong accumulation before a breakout to one side or the other.
Support levels: 1942
Resistance levels: 1947
I expect a strong reaction on the background of the approaching news. A breakout of the figure boundaries will give us a strong reaction in the market.
Regards R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
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.