XAUUSD currently displaying a bearish wedge pattern on high hourly time frames since it is not making higher highs and is under the 50 SMA
A bearish breakdown of this candlestick pattern could see price falling to as low as April or May's monthly lows
A bearish breakdown of this candlestick pattern could see price falling to as low as April or May's monthly lows
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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.