GOLD ((XAUUSD): Intraday Technical Outlook
Gold is currently experiencing a positive trend worldwide, with the price following the support of an expanding rising wedge pattern on a 4-hour chart.
The next obstacles for the price are the horizontal resistance(All Time High) and the wedge's resistance.
Depending on how the price reacts to these levels, there may be a new bearish correction or a continuation of the current trend if the price breaks and closes above them.
The next obstacles for the price are the horizontal resistance(All Time High) and the wedge's resistance.
Depending on how the price reacts to these levels, there may be a new bearish correction or a continuation of the current trend if the price breaks and closes above them.
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