Bulls aim for 2046.0474 after the XAU/USD triggered a bearish formation on the 4 hour chart

XAU/USD has broken through support
XAU/USD has broken through a support line of a Rising Wedge and suggests a possible movement to 2046.0474 within the next 3 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 22 days.

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