Gold Technical Analysis: Re-test of Friday's low likely on rising wedge breakdown

Gold's corrective bounce from Friday's low of $1,289 has likely ended and that level could again come into play, the rising wedge breakdown, as seen on the 15-minute chart, indicates.

15-minute chart

The rising wedge breakdown is a bearish continuation pattern, which indicates a revival of the sell-off from Friday's high of $1,312.

Trend: bearish

Mar 4, 2019

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