Gold - Major Bullish WedgeGold has been moving within this giant bullish wedge for quite some time now and is now attempting to break out.
This could be an amazing opportunity to play a huge rally if price breaks out of this pattern and then pulls back for a retest.
The first major area of resistance awaits near the July '16 high around 1375.
Gc_f
XAUUSD @ 1h @ still upside while ECB & TRUMP start this week ?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards :)
Aaron
Long-term trend reversal in playGold price is expected to make a pull back towards $1,150-$1,190 in order to complete wave 2 down, before the resumption of the larger bullish trend that has started. This scenario gets canceled if Gold price breaks below $1,045 or if the rise from $1,045 turns out to have a corrective pattern.