• Vasily Trader

GOLD (XAUUSD): Potential Pullback From Key Level

Hey traders,

Gold is approaching a key weekly/daily resistance.

1830 - 1836 is our potential reversal zone.

To catch a pullback from that, look for a bearish breakout of a rising wedge pattern on 1H time frame.

In case of an hourly candle close below its support, the price may drop to 1814 level.

In case of a bullish breakout of a yellow zone,

a bullish continuation will be expected.