Rising Wedge on XAUUSD

Relief rally may be completing and ready to continue bearish direction. My preferred targets to short is 1216-17 area or higher - around 1220 area. Take profit area as stated on chart but will be modified if momentum picks-up to target Monday's low (1183) which IMO is make or break point to continue further downward pressure on this pair towards 1180 and below..

UPDATE: Manually took profit @ 1207.28. FOMC in an hour so standing aside. Good luck to all!