Discover the optimal strategy for trading XAUUSD, whether you're
XAU/USD is currently shaping a rising wedge pattern, indicating a strong potential for an upward trend. Starting from 2839, this movement is likely to continue, with a target around 2896. The uptrend is expected to initiate at 2850, aiming first for a target of 2823. This presents a compelling opportunity for traders looking to capitalize on the bullish momentum.
The upper resistance levels to watch are as follows:
- The initial range is between 2865 and 2870.
- The next significant level is at 2880.
On the other hand, the lower support levels are identified as:
- The first range lies between 2828 and 2833.
- The second level is from 2815 to 2823.
- The third support level can be found between 2798 and 2805.
The upper resistance levels to watch are as follows:
- The initial range is between 2865 and 2870.
- The next significant level is at 2880.
On the other hand, the lower support levels are identified as:
- The first range lies between 2828 and 2833.
- The second level is from 2815 to 2823.
- The third support level can be found between 2798 and 2805.
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