XAUUSD is forming Ascending Broadening Wedge

١٦ أبريل ٢٠٢٣

in 4H timeframe, there is bearish divergence and XAUUSD is within its ascending broadening wedge pattern.
I am seeing that XAUUSD might go lower to touch its ascending broadening wedge support.

Unless having rejection, movement and failed to close below the support, we could make that opportunity to open a long position with stop loss below its support and target price at Fibonacci retracement 0.5 or 0.618 from the new low.

If XAUUSD closed below its support, we can prepare for short position with target price at1890.

Good luck!

Happy profit!

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تم فتح الصفقة

XAUUSD touch the support from its ascending broadening wedge.

Would expect gold to create new peak and should prepare for short position when breaking its trendline support.

Good luck!

٢٠ أبريل ٢٠٢٣

تم فتح الصفقة

if you put buy/long position, happy profit!!!

As shown in the road map, prepare for reversal soon!
Trader should be cautious and seek additional confirmation before putting short position.
Expect XAUUSD to reach 1890.


Good luck!
Happy profit 370 pips from buy area