Get ready for a golden opportunity! The bullish setup on Gold is shining bright in the 4-hour timeframe. After weeks of oscillation within a falling wedge, price has finally broken out! The ABC corrective wave is behind us, paving the way for a powerful impulse.
I'm setting my sights on a target of 1940, where I'll be taking some sweet profits. But the excitement doesn't stop there! The ultimate target is set at 1970, a level that has proven to be a tough resistance for price in the past.
Adding to the optimism, the RSI indicator has formed a confirmation with a bullish divergence. The bounce and subsequent break above the 50 level serve as a green light to open a buy position.
It will be interesting to check the price action when the market opens and buy from here๐๐ฐ๐
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