On the daily chart, Gold (XAUUSD) has formed a rising wedge which is a bearish pattern. This was followed by a sharp bear trap and a double rejection of the bulls at the consolidation zone.
We are looking at a possible correction in the price of gold in the coming days toward 1982/1934 zones.
We are looking at a possible correction in the price of gold in the coming days toward 1982/1934 zones.