GOLD (XAUUSD): Detailed Technical Outlook 🥇

2022年8月19日

A lot of questions about Gold.

At the moment, the price is testing a solid confluence zone based on 382 retracements of the last 2 bearish impulses
and a wide horizontal demand cluster.

Analyzing intraday time frames, I spotted a falling wedge pattern on 4H time frame.
I will be patiently monitoring the reaction of the price to its boundaries.
I assume that its bullish breakout may trigger a nice pullback.

I will post an update once I see a decent trading opportunity!


❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️