Gold XAUUSD, Falling Wedge Pattern Breakout, Target $2440 (+4.5%
Updated
In Gold XAUUSD, Falling Wedge Pattern formed and Breakout. So Target is $2440. And also consider a Wolf Wave Pattern.
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It is just a retest of the trendline after the breakout. Wait for an uptrend continuation. If the market closes below 2300, then it indicates a trend failure or a trend change. Refer to this image.Comment
Pattern was changed to Triangle. If continue to Uptrend, Next Target is Triangle Top.Refer to this image :
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Finally, Pattern changed but Target Reached.Related publications
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