XAUUSD has broken through support

Past performance is not an indicator of future results.
XAUUSD has broken through the support line of a Rising Wedge. It has touched this line at least twice in the last 23 hours. This breakout indicates a potential move to 1489.3270 within the next 8 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.

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