Rising Wedges has formed for past 5 days and finally broken down.
It was a difficult trade for trader in the past few days due to the range has been getting smaller and smaller each time.
However, Price has finally broken the rising wedges and we expect the a bigger movement to comet with a price target around previous low at 1844 - 1846 range.

However, do note that long term gold is still bullish , visit our other daily chart analysis to prepare your long trade!