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Gold Spot / U.S. Dollar
Long

XAUUSD Bulls Incoming >>

By TBonch
From this analysis, we can see a bullish falling wedge has formed with a double bottom at support. This is giving me confidence for a strong bullish movement incoming.
Confirmations of Long Entry
  • Falling wedge
  • Daily Impulse Correction
  • Double bottom at support with the neckline at resistance
  • Break and retest of a double bottom or trend line for entry
Chart PatternscontinuationFalling WedgeGoldgoldh4goldideatradeideaTrend AnalysisWave AnalysisXAUUSDxauusdbuyxauusdlong
TBonch

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