XAUUSD
Here is a gold chart and as we can see gold was trades in rising wedge pattern some time before and after that break and retest it as resistance ( mentioned with blue lines on chart).
And hare we have small rising wedge with same resistance ( mentioned with black line on chart)
And now gold is trading on support level.
I expect gold will fall to major support areas and we need fundamental support also if CPI more then expected then sell gold and also keep in mind technical chart petren for confirmation if black line support break then we sure to sell.
Please trade safe and must use Stop loss
And hare we have small rising wedge with same resistance ( mentioned with black line on chart)
And now gold is trading on support level.
I expect gold will fall to major support areas and we need fundamental support also if CPI more then expected then sell gold and also keep in mind technical chart petren for confirmation if black line support break then we sure to sell.
Please trade safe and must use Stop loss
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