Gold is forming a rising wedge pattern along with a falling RSI. This signals that the upward strength is kind of lost. We may see a strong bearish move in case the wedge is broken on the downside. The strong support region is around 1725 level.
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.
