#Gold - Possible pullback
Hi guys! 👋🏻
🔔 Gold has retested the dynamic support of August 21 (dashed line) and is now forming a wedge pattern.
🔔 There are multiple strong resistances which obstacle XAUUSD from going higher, such are 1942 and 1960.
🔔 But as it seem from the current setup, if #Gold remains above this support, it will most likely break those resistances and climb back to 2000.
🔔 MACD and RSI are bullish as well.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 Gold has retested the dynamic support of August 21 (dashed line) and is now forming a wedge pattern.
🔔 There are multiple strong resistances which obstacle XAUUSD from going higher, such are 1942 and 1960.
🔔 But as it seem from the current setup, if #Gold remains above this support, it will most likely break those resistances and climb back to 2000.
🔔 MACD and RSI are bullish as well.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Nothing is true, everything is permitted.
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