XAUUSD - BEARISH BREAKOUT ON THE WEDGE WHICH CAN DOWN-TURN -1.5%

The following rising wedge pattern confirmed a breakout on its lower boundary. Here we are expecting a decline toward the $1900 area with the bearish breakout confirmation received. It's another 1.5% decline projected on the hourly timeframe. On gold, we have seen that close to the 1935-1945 range holding a massive sell-off pressure which fails the bullish sentiment multiple times during the period.

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