falling wedge pattern (XAUUSD)
Technically, a falling wedge pattern is emerging.
Therefore, if the resistance breaks out, the target price could reach $ 1746.00.
This is because the range of the falling wedge in the picture is around $ 20.
This pattern is common in the gold market (XAUUSD)and is useful for trading.
And then high impact expected for today(USD)
• CPI m/m
• Core CPI m/m
The result of this indicator will also drive the market and should trade based on these results.
For today, it is important to consider the pattern that will come out of the pattern, but the price may break the support.
If it breaks, you can target it according to the range of the falling wedge.
But stop loss should not be forgotten.
Therefore, if the resistance breaks out, the target price could reach $ 1746.00.
This is because the range of the falling wedge in the picture is around $ 20.
This pattern is common in the gold market (XAUUSD)and is useful for trading.
And then high impact expected for today(USD)
• CPI m/m
• Core CPI m/m
The result of this indicator will also drive the market and should trade based on these results.
For today, it is important to consider the pattern that will come out of the pattern, but the price may break the support.
If it breaks, you can target it according to the range of the falling wedge.
But stop loss should not be forgotten.
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