XAU/USD Trades Near Upper Pattern Line

<p>On Wednesday, the XAU/USD exchange rate reversed north from the lower boundary of the ascending triangle pattern. During today’s morning, the rate was trading near the upper pattern line at 1,722.00. From a theoretical perspective, it is likely that a reversal south could occur in the nearest future. Meanwhile, it is unlikely that a breakout […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/295186-xau-usd-trades-near-upper-pattern-line/">XAU/USD Trades Near Upper Pattern Line</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>