XAUUSD - Bullish Reversal Pattern Swing!
Gold has a beautiful setup waiting on us to catch next week! As you can see, the market has created a Falling Wedge/Flag Pattern which is a clear indication and a signal within itself that price is gonna make a bullish reversal as a pullback! Waiting on it to break the trendline is "OK" but actually allowing it to break structure, retest, and THEN entering would be the safest way as it could just breakout and continue to the downside once more. I'm expecting a breakout around 1709.00-ish followed by a retest into my zone which then I'm gonna enter(not waiting on structure break). This is a great potential 495 pip swing setup! 🔥
On the other hand as I stated above, price could easily break the trendline as a fake-out just to continue down to the previous low once again. However, I am HIGHLY confident that price is going to breakout and continue up AT LEAST to TP2!
*This is just my personal opinion. This is not any financial advice as I am NO financial advisor.*
On the other hand as I stated above, price could easily break the trendline as a fake-out just to continue down to the previous low once again. However, I am HIGHLY confident that price is going to breakout and continue up AT LEAST to TP2!
*This is just my personal opinion. This is not any financial advice as I am NO financial advisor.*
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