XAUUSD NEUTRAL
I wrote about the rising wedge on the XAUUSD pair which actually play out well, due to trade war escalation the pair broke the 1525 resistance area, and is now back to that region, we cannot tell if it is testing it as a support for an upwards push, but the presence of the triangle, precisely
the Descending triangle on the H1 present a neutral condition on the XAUUSD pair. if the market breaks below the 1527 support region, it could expose the 1492 area. A break above the bearish downtrendline of the descending triangle could expose the 1555 area.
the Descending triangle on the H1 present a neutral condition on the XAUUSD pair. if the market breaks below the 1527 support region, it could expose the 1492 area. A break above the bearish downtrendline of the descending triangle could expose the 1555 area.
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