XAUUSD ANALYSIS
Good Day Traders,
Price is forming a rising wedge where it is met by RESISTANCE, and as we know...well some of you know, this sort of market structure indicates a solid push to the downside, so for this market condition, we will wait for that RESISTANCE to be broken and retested for a BULLISH BIAS and wait for the RISING WEDGE to be BROKEN for a BEARISH BIAS.
Price is forming a rising wedge where it is met by RESISTANCE, and as we know...well some of you know, this sort of market structure indicates a solid push to the downside, so for this market condition, we will wait for that RESISTANCE to be broken and retested for a BULLISH BIAS and wait for the RISING WEDGE to be BROKEN for a BEARISH BIAS.
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.