Falling wedge on Gold - Target 2400

Falling wedge pattern forms in an overall bullish trend. As we can see on H4 chart of the Gold Usd pair, We have a classic falling wedge forming.

Breakout of this falling wedge will push gold prices higher with initial targets of 2340 - 2375 and final target of the psychological level 2400.

Confirmation of the targets will come after an H4 close and retest of the swing level at 2309.


Goodluck and happy trading.

Idea will be updated regularly so stay tunned.

Trade active:

Idea is active - we achieved an h4 close over the pivot and a successful retest -

Idea is valid till an h4 close confirmation below 2309 - Happy trading

Trade active:

As You can see the price struggled to break the pivot at 2309 on H4 and finally broke upwards towards our target - thats a 22$ move upwards from the pivot - I hope everyone who followed is doing great. Keep grinding folks

Trade active:

Morning traders - TP 2 done at 2375 - Thats a 66$ move from the pivot - Final target still remains 2400. Have a good weekend.

Trade closed: target reached:

2397.5 - AH so close - GG Guys all targets done.