XAU/USD Technical Overview: Rising Wedge

Mark Holden

Professional Trader and Analysist • Aug 29, 2019 at 7:11 AM EDT

A soft tone in the US-China Trade War adds weight on gold prices near term.

A soft tone in the US-China Trade War adds weight on Gold Prices Near Term.

The rising wedge is about to be completed on the smaller charts

The U.S GDP and Home Sales data is scheduled to release.

A better than expected data may accelerate the bearish move.

We predict XAUUSD to test 1527 1521 and 1515 near term.

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