fxstreet.com 09 Feb, 2021 05:45 am

XAU/USD bears to target a run to weekly support at $1,765

XAU/USD bears to target a run to weekly support at $1,765
Gold trades 0.6% higher on the day near $1,841 at press time. The 4-hour chart shows a falling wedge pattern – converging trendlines connecting lower

The 4-hour chart shows a falling wedge pattern – converging trendlines connecting lower highs and lower lows.p Gold nears falling wedge hurdle Gold trades near $1,841 versus $1,829 in early Asia.A potential falling wedge breakout would imply bullish reversal.The 4-hour chart shows a falling wedge pattern – converging trendlines connecting lower highs and lower lows.

6% higher on the day near $1,841 at press time.Gold Price Analysis: Bears to target a run to weekly support at $1,765 Gold is testing the bear's commitments at the resistance structure.

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