• Vasily Trader

GOLD (XAUUSD): Bullish Wave is Coming?!

Hey traders,

It looks like Gold is preparing for the next bullish wave.

The price set a higher low on 4H and broke and closed above a resistance line of an expanding wedge pattern.

Goals for buyers:

1914 - current local high

1930 - next strong resistance

Demand area is now based on a support line of a major daily channel & broken wedge's resistance.