This is just my idea and not an financial advice!
an ascending wedge can be seen in xauusd chart.
my opinion is that XAUUSD is losing its strength for reaching higher prices based on fractal energy on its chart.
also volume is getting lower in each peak.
therefore we can see lower prices soon after breaking down the wedge.
an ascending wedge can be seen in xauusd chart.
my opinion is that XAUUSD is losing its strength for reaching higher prices based on fractal energy on its chart.
also volume is getting lower in each peak.
therefore we can see lower prices soon after breaking down the wedge.