Any Price Rejection At 1456 Could Drive Gold UP

Long

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

Updated

OANDA:XAUUSD Gold Spot / U.S. Dollar

supportandresistance economiccycle wedgepattern gold xauusd

Gold is now bearish. However, any daily price rejection at 1456 is expected to drive the metal price up to the upper channel of the bullish wedge at 1489. If 1456 is violated, then gold could fall further to 1430

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