XAUUSD (GOLD) Technical Analysis 3
Обновлено
Gold has recently touched the resistance trendline of a bullish (falling) wedge on the H1 (1 hour) chart at 1704.10 and currently at a H1 (1 hour) chart resistance at 1696.53.
On the H3 (3 hours) chart the yellow metal has broken through resistance at 1689.51,we can expect it to fall and retest this level, on successful retest, 1689.51 will become a support level... or it could break through the H1 (1 hour) resistance trendline and shoot straight to H3 (3 hours) resistance line at 1720.20 which happens to cross our D1 (1 day) bearush (rising) wedge which we can agree that price finally broke when it took a dive and now may be attempting to retest, on successful retest we can expect price to take a deep fall.
Remember, this is my idea and I stand to be corrected.
Trade smart 🔅
On the H3 (3 hours) chart the yellow metal has broken through resistance at 1689.51,we can expect it to fall and retest this level, on successful retest, 1689.51 will become a support level... or it could break through the H1 (1 hour) resistance trendline and shoot straight to H3 (3 hours) resistance line at 1720.20 which happens to cross our D1 (1 day) bearush (rising) wedge which we can agree that price finally broke when it took a dive and now may be attempting to retest, on successful retest we can expect price to take a deep fall.
Remember, this is my idea and I stand to be corrected.
Trade smart 🔅
Заметка
Gold has performed a thorough break out from the H1 (1 hour) bullish (falling) wedge and is currently at resistance around 1717.69. It may fall going to retest the H1 (1 hour) bullish (falling) wedge resistance trendline and bounce back up, or it may continue to rise.Watch the market.
Trade smart. 🔅
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