Past performance is not an indicator of future results.
XAUUSD is moving towards the support line of a Falling Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If XAUUSD continues in its current trajectory, we can expect it to reach 1270.7000 within the next 3 days.
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