XAUUSD forming a rising wedge at key resistance

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Gold (XAUUSD) is forming a rising wedge pattern near a key resistance zone — a critical area to watch. While this pattern typically suggests a bearish reversal, traders should stay open to both scenarios.
🔻 A breakdown below wedge support could signal a short opportunity, targeting lower support zones.
🔺 However, a strong breakout above the resistance zone with volume confirmation might invalidate the bearish setup and trigger bullish momentum.

Wait for confirmation before taking any trade — we may get good moves to trade.

Feragatname

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