FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD is forming a clean wedge pattern. Do not be fooled into thinking this is a descending triangle. Let's keep in mind the fundamentals of Gold with the current condition of world debt.

For this, I would look for entry's only on the major support level. We may see some fake-outs so be aware and manage your risk.

Feel free to join our Academy for free.
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.