XAUUSD | Rising Wedge (Risky Setup) Update

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Previously price did not reach our entry point and continued forming the pattern

Initiate Short.

Entry - 1555.62
TP1 - 1537.01
TP2 - 1531.27
TP3 - 1524.84
SL - 1561.82

Reason: Rising wedge plur rejection from Pattern's resistance and Pivot Point.

This asset highly risky for short though, if you are a conservative trader better to wait for good entry to long rather than short the asset.

Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.

Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advise.