GOLD (XAUUSD): Detailed Technical Outlook 🥇
A lot of questions about Gold.
At the moment, the price is testing a solid confluence zone based on 382 retracements of the last 2 bearish impulses
and a wide horizontal demand cluster.
Analyzing intraday time frames, I spotted a falling wedge pattern on 4H time frame.
I will be patiently monitoring the reaction of the price to its boundaries.
I assume that its bullish breakout may trigger a nice pullback.
I will post an update once I see a decent trading opportunity!
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