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Oro / Dollaro
Long

GOLD (XAUUSD): Oversold Market & Pullback 🥇

Di VasilyTrader
Aggiornato
istantanea

Hey traders,

For the 3 consequent days, Gold was falling.
The market already lost more than 3.5% from a current high.

The price reached a daily demand zone on Friday.
Analyzing a reaction of the price to that on intraday time frames
I spotted multiple rejection and a bullish breakout of a falling wedge pattern on 1H time frame.

I believe that it's time for a pullback.

Intraday goals:
1799
1805

Have a great weekend!!!

❤️Please, support this idea with like and comment!❤️

Nota
Check my new analysis on EURUSD:
EURUSD: Keep an Eye on That Structure! 🇪🇺🇺🇸
Candlestick AnalysisforecastGoldgoldanalysisgoldideagoldlonggoldtradinggoldusdMultiple Time Frame AnalysisWedgeXAUUSD
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