XAUUSD possible sell opportunity
As you can see the 4hr chart is showing a falling wedge. Price is making lower highs but not making lower lows. If the price breaks this support level then enter as a sell but if the price breaks out above the falling wedge then its a strong buy position.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.