GOLD bullish wedge pattern presents an ambiguous scenario

10 Ogo

Gold is currently struggling to break through the 3389 resistance level. From previous analysis, 3370 had already been identified as a strong resistance area, and its breakout has supported further upward movement.

Technical View:

The bullish wedge pattern presents an ambiguous scenario — while there’s clear upward momentum, this pattern can easily reverse. Price is trading in a local range with a high probability of retesting 3390. If buyers maintain control and break above 3390, the next potential targets are: 3420 and 3450

You may find more details in the chart.
Trade wisely best of luck Buddies.

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11 Ogo

Dagangan aktif

Gold may face selling pressure, potentially triggering a break below 3390, with a decline toward the 3350 support level.
If the price finds strong bullish momentum from the 3305 support zone, we could then expect a further bullish rally.

Let’s see how the market reacts — stay tuned for more updates as the price action unfolds.