Technical Analysis (Gold) : XAU/USD 2 June 2020

Forex Technical Analysis : XAUUSD (Gold)

Target Level 1744.6800

Date : 2 June 2020

Support Line (A) : 1727.4600 – Last TP of Rising Wedge

Resistance Line (B) : 1744.6800 – Last TP of Rising Wedge

Target Period : day

Interval : 1 hour

Pattern : Rising Wedge

Length : 108 Candles

Detail : Rising Wedge identified at 02-Jun-03:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1744.6800 within the next day. (Supported by Upward sloping Moving Average)

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Autochartist

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– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.