#Gold - Possible pullback

٦ مايو ٢٠٢٢

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.