Discover the optimal strategy for trading XAUUSD, whether you're
XAU/USD is currently shaping a rising wedge pattern, indicating a strong potential for an upward trend. Starting from 2839, this movement is likely to continue, with a target around 2896. The uptrend is expected to initiate at 2850, aiming first for a target of 2823. This presents a compelling opportunity for traders looking to capitalize on the bullish momentum.
The upper resistance levels to watch are as follows:
- The initial range is between 2865 and 2870.
- The next significant level is at 2880.
On the other hand, the lower support levels are identified as:
- The first range lies between 2828 and 2833.
- The second level is from 2815 to 2823.
- The third support level can be found between 2798 and 2805.
The upper resistance levels to watch are as follows:
- The initial range is between 2865 and 2870.
- The next significant level is at 2880.
On the other hand, the lower support levels are identified as:
- The first range lies between 2828 and 2833.
- The second level is from 2815 to 2823.
- The third support level can be found between 2798 and 2805.
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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.
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.