As we can see that XAUUSD is respecting a trendline and when it touches the trendline it falls to the downside till the marked support zone and currently it is also forming a rising wedge pattern.
Breakout of the rising wedge pattern will result result in a good selling opportunity.
Target - 2026.295
Breakout of the rising wedge pattern will result result in a good selling opportunity.
Target - 2026.295
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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.