This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -


The precious metal is trading on a soft note with prices down about 0.5% intraday. This comes as gold trades within the consolidating wedge pattern.

At the time of writing, prices are trading just below the rising trend line.

But unless there is a strong decline, we could expect to see an upside move.

A breakout from the falling wedge pattern will suggest a move back to the 1747 handle. And a breakout above this level should see further continuation.

To the downside, the lower support at 1717.65 remains within sight.


The post XAUUSD drifts lower appeared first on Orbex Forex Trading Blog.

To keep reading this article, please navigate to: Orbex Forex Trading Blog.

Tagged on: