GOLD (XAUUSD): The Zone to Watch 🥇

Short

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

Updated

OANDA:XAUUSD Gold Spot / U.S. Dollar

Supply and Demand Wedge Wave Analysis Gold XAUUSD futures Silver XAG USD ( Silver / US Dollar)

supplyanddemand wedgepattern waveanalysis gold xauusd futures silver xagusd

snapshot

On Gold we got a brand new trend line yesterday:
the price is now trading within a falling wedge pattern,
nicely being rejected from its upper boundary.

Now the blue contracting area on the chart serves as our intraday/daily supply zone.
From that, I will expect a bearish continuation.

Next support - 1750

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