XAUUSD Rising Wedge Formation Study. 08.11.2020r.
As seen on the chart, there is a possible rising wedge formation .
After breakout of downward channel it is possible to head up.
If we consider that DXY and XA, DXY's level is almost above a decades support line.
And also both RSI and MACD have divergence.
If the price turns, possible target is wedge formation levels.
..........................................................................
Disclaimer: The information given is not a Financial Advice.
Be carefull abaut your risk assessment...!!!
..........................................................................
After breakout of downward channel it is possible to head up.
If we consider that DXY and XA, DXY's level is almost above a decades support line.
And also both RSI and MACD have divergence.
If the price turns, possible target is wedge formation levels.
..........................................................................
Disclaimer: The information given is not a Financial Advice.
Be carefull abaut your risk assessment...!!!
..........................................................................
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