Hey traders,
Gold closed within a major horizontal weekly structure resistance again.
Analyzing an intraday perspective, I spotted a rising wedge on 12H time frame.
The price nicely bounced from its support on Friday.
To catch a correctional move from the underlined structure, wait for a bearish breakout of a wedge's support.
It will trigger a bearish move at least to 1775.
Alternatively, weekly candle close above a yellow area will trigger a bullish continuation.
Good luck next week!
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.