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 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoJ’s Kuroda: BoJ still intends to maintain powerful easing monetary policy FX Street 4 years 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 Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
