Gold: Quick Buy Opportunity?

Looking at the 15 min chart, we can spot a beautiful continuation upside which may be a great opportunity for us to capitalize on a long opportunity for at least 150-200 pips. Moreover, the price is hovering around the 61.8% Fibonacci Retracement strong support level, in addition to breaking out of the falling wedge formation inside the bigger descending signaling a possible upcoming breakout.

Our first target for this trade will be the beginning of the smaller falling wedge at around $1,838-$1,840. Breaking above this level will push the price for further upside towards retesting $1,844 and $1,855 in extension.

Goodluck!

M.Y.