Technical analysis
Plan 1:
If the price can break out and close below the potential target 3, Then XAU/USD will keep falling to retest the bottom wedge line.
Plan 2:
If the price rejects the potential targets 1, 2, or 3, I believe gold will go up to retest the upper broadening wedge line and most likely the upper major channel line.
Invalid if:
If the price can break out and close above the broadening wedge , then this analysis is no longer valid.
Please only risk 1-3% Per trade Practicing Proper Risk Management
I provide daily detailed analysis and trading setup.
More info: Click link in bio
Plan 1:
If the price can break out and close below the potential target 3, Then XAU/USD will keep falling to retest the bottom wedge line.
Plan 2:
If the price rejects the potential targets 1, 2, or 3, I believe gold will go up to retest the upper broadening wedge line and most likely the upper major channel line.
Invalid if:
If the price can break out and close above the broadening wedge , then this analysis is no longer valid.
Please only risk 1-3% Per trade Practicing Proper Risk Management
I provide daily detailed analysis and trading setup.
More info: Click link in bio