XAUUSD (Gold vs. US Dollar) is thorough and highlights key technical patterns like the bearish rising wedge and the breakout scenarios. Here’s a summary of your outlook:
Bearish Scenario:
Current Pattern: Bearish rising wedge with a neckline and uptrend channel breakout.
Action: Look for a sell opportunity after a price retest.
Final Take Profit (TP): $2,413.
Bullish Scenario:
Entry: Consider buying at $2,413.
First TP: $2,470.
If $2,470 Doesn't Break:
Consider selling, with a final TP at $2,360.
Disclaimer: This analysis is for educational purposes and not financial advice.
Bearish Scenario:
Current Pattern: Bearish rising wedge with a neckline and uptrend channel breakout.
Action: Look for a sell opportunity after a price retest.
Final Take Profit (TP): $2,413.
Bullish Scenario:
Entry: Consider buying at $2,413.
First TP: $2,470.
If $2,470 Doesn't Break:
Consider selling, with a final TP at $2,360.
Disclaimer: This analysis is for educational purposes and not financial advice.
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.
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.