GOLD - Still Bullish Indeed!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈XAUUSD has been overall bullish, trading within the rising wedge marked in orange.

Moreover, the blue zone is a strong structure and support.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower blue trendline acting as a non-horizontal support.

📚 As per my trading style:
As #GOLD is around the the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

If the blue zone is broken downward, a deeper bearish movement towards the $2,775 demand zone would be expected.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.