$OANDA:XAUUSD SHORT IDEA: RISING WEDGE - REVERSAL CONFIRMATION
XAUUSD Is currently in a bearish flag channel after reaching a record high with investors flocking to safe haven assets amidst fiscal issues. A rising wedge pattern has formed within this channel. This pattern is a bearish pattern signifying a reversal.
This bearish confirmation (rising wedge) within a bearish flag is confirmation of a potential move to the downside.
*This is not financial advice and should not be regarded as such. This is merely the idea of the author.
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