Gold Spot / U.S. Dollar
Long

XAUUSD in a falling wedge, breakout will lead price higher

548
XAUUSD
XAUUSD
The price is forming a falling wedge like structure and is reaching a short term support structure. after a breakout of the structure if price continues to hold above support I expect the price to move higher towards the next resistance..



Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.

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.