This chart shows XAU/USD (Gold) price action forming an ascending wedge pattern.
Price is currently retracing from the upper trendline.
A potential bounce from the lower trendline could trigger another bullish move.
If price respects the wedge structure, the next target is the previous high near 3,060.
A break below the wedge could indicate a deeper correction toward the support level around 2,980.
Overall, bullish bias remains, but confirmation at the support zone is key.
Price is currently retracing from the upper trendline.
A potential bounce from the lower trendline could trigger another bullish move.
If price respects the wedge structure, the next target is the previous high near 3,060.
A break below the wedge could indicate a deeper correction toward the support level around 2,980.
Overall, bullish bias remains, but confirmation at the support zone is key.
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✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
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.
World Best Signals Channel here 🤝
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
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.