XAU/USD (GOLD) BULLISH OUTLOOK

27 feb 2023

XAUUSD

HI , TRADER'S , GOLD IS TRADING WITHIN FALLING WEDGE PATTERN

Falling wedge is bearish reversal pattern means price can reverse and go up

From last 3 week's Gold is bearish pressure , RSI AND STOCH NEAR OVERSOLD AREA

It indicate's that reversal in very near , 2 scenario's mentioned

if GOLD breakout upper wedge now than it can go upto 1832 area

if gold fall from current resistance than one more leg down to 1801 area and than back up again

Plan to buy dip's

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