After testing the resistance line numerous times, XAU/USD is once again approaching this line. Can we expect a bullish trend to follow?

A potential bullish movement on XAU/USD
XAU/USD was identified at around 2360.23 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 2378.4700 level.

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