We have formed one big 4h rising wedge (red lines) and in that we have one smaller wedge green one , if the big one is valid price can/should go down to 1493, which would be the take profit level for small wedge and also the touch of big red wedge . Either of these wedges to be valid gold needs to break 1503 level, which so far is really good support level .

Good luck and trade safe!

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