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vipulmehta817

Possible correction in Gold, $XAUUSD

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
vipulmehta817  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns goldtrade goldshort xauusdshort goldfutures Rising Wedge
2
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trendanalysis chartpattern goldtrade goldshort xauusdshort goldfutures risingwedge
On the daily chart, Gold (XAUUSD) has formed a rising wedge which is a bearish pattern. This was followed by a sharp bear trap and a double rejection of the bulls at the consolidation zone.

We are looking at a possible correction in the price of gold in the coming days toward 1982/1934 zones.
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