On the 4H chart, XAUUSD is currently forming a bullish flag with an upside projection towards the 3580 USD area.
Following the breakout of the flag, a rising channel has developed. Price is now testing the lower boundary of that channel — a key area from which a bounce could occur, potentially targeting the upper range.
Adding confluence, the current price...
The US30 is currently forming a bullish flag on the 4H chart. A double bottom has developed around the 61.8% Fibonacci retracement level, measured from the most recent bullish impulse — providing a strong point of confluence that adds validity to the pattern.
Should price break above the flag's upper boundary, it could trigger a continuation to the upside,...
