Possible XAUUSD Set Up
Updated
A break of this rising-wedge to the downside would activate shorts. If we don't get a break to the downside shorts would not be active.
Order cancelled
Broke to upsideTrade active
Adjusted wedge with break to downside now shorts are activeTrade closed manually
Note
Trade was closed manually due to the equities markets hitting new all time high and closing in all time resistance. Incase the SP500 would experience a draw down at this resistance the price of gold would increase as the USD decreases. For that reason the trade was closed manually.
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