Analysis:
The XAU/USD (Gold vs. USD) chart on the 45-minute timeframe shows price action forming a descending wedge pattern, a typically bullish reversal formation. The price has been compressing between lower highs and lower lows but is now testing the upper trendline resistance, indicating a possible breakout.
Key observations:
Trendline Breakout Zone: The narrowing wedge suggests weakening bearish momentum. A confirmed breakout above the trendline could trigger strong upward momentum.
Targets: The projected upside targets are around 4,300, 4,400, and 4,500, aligning with previous resistance zones.
Support Zone: Immediate support remains near 4,050–4,000, where the lower wedge boundary provides buying interest.
Momentum Indicator: Gradual bullish recovery and decreasing downside pressure indicate renewed buyer strength.
The XAU/USD (Gold vs. USD) chart on the 45-minute timeframe shows price action forming a descending wedge pattern, a typically bullish reversal formation. The price has been compressing between lower highs and lower lows but is now testing the upper trendline resistance, indicating a possible breakout.
Key observations:
Trendline Breakout Zone: The narrowing wedge suggests weakening bearish momentum. A confirmed breakout above the trendline could trigger strong upward momentum.
Targets: The projected upside targets are around 4,300, 4,400, and 4,500, aligning with previous resistance zones.
Support Zone: Immediate support remains near 4,050–4,000, where the lower wedge boundary provides buying interest.
Momentum Indicator: Gradual bullish recovery and decreasing downside pressure indicate renewed buyer strength.
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VIP Channels:
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Join My telegram channel Free:
t.me/tradewithmrdavid
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
t.me/tradewithmrdavid
💎
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.