Gold breaking out of wedge on daily Target 2000
Buyers absorb gold in the September sell down to 1,850 supported with a spike in volume but failing to drop further. A slight pull back in gold this week to 50 EMA with low volume would be a good signal to look for bullish reversals on the 4 hour or…
Gold Wedge at APEX for Breakout!
Gold (XAU/USD) has been compressing into a wedge directly above the previous all time high, which was broken after 9 years in August 2020. The APEX of the wedge is fast approaching as traders and investors patiently await for the continuation break out on gold. Wedge patterns are generally a…