fxstreet.com 09 Feb, 2021 05:45 am

XAU/USD nears falling wedge hurdle

XAU/USD nears falling wedge hurdle
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

84 Daily Pivot Point S1 1812.08 Daily Pivot Point S2 1794.29 Daily Pivot Point S3 1780.72 Daily Pivot Point R1 1843.

44 Daily Pivot Point R2 1857.01 Daily Pivot Point R3 1874.

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