XAUUSD Falling Wedge

Falling Wedge Pattern -- The recent price movement in GOLD has formed a falling wedge pattern. Falling wedges are often considered as bullish reversal patterns

Divergence: Alongside the falling wedge pattern, there is a divergence between price and a momentum indicator

To establish a potential entry point, a Buy Stop order is recommended to be placed above the last lower high within the falling wedge pattern. This approach waits for a confirmed breakout above the resistance level, which could trigger a bullish reversal.

Projection of falling wedge is marked