XAUUSD: Next Leg Higher to Materialize Above 1480

From dailypriceaction.com

Is gold preparing for a break higher? Maybe, but XAUUSD bulls still need to do som If you watched that video, you know about the falling wedge pattern. The upper level extends from the year-to-date high while support starts with the August 13 low. Given the massive rally that unfolded earlier this year, the pattern below looks relatively constructive, in my opinion. In other words, it could very well be a continuation pattern. That’s my base case for XAUUSD as long as the market is above wedge support, which could be as low as 1420. But ideally, I would like to see buyers keep the price above 1450 on a daily ... (full story)