XAU (Gold) Update

Gold is trading around 4,455, shown a slight recovery in the early Asian session. However, the rising wedge pattern suggests incoming bearish pressure.

If Gold manages to break above 4,600, a recovery is likely. On the downside, a break below 4,525 could trigger a deeper correction possibly toward 4,400.

$XAU

XAU
XAUUSDT
4,703.14
+0.29%