PrimedGroup
Short

Expecting a bearish pullback on XAUUSD

OANDA:XAUUSD   Gold Spot / U.S. Dollar
I don't expect a major change to the overall bullish trend rather I expect a correction to occur today.

Im trading a rising wedge which leads to the 38.2% of the recent high/low on 4H. On the 1H chart, there seems to be a head and shoulders forming in a rising channel which is solid indication that a reversal can take place. Yet on the daily I dont see anything yet until I get more data (days pass).

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