$OANDA:XAUUSD SHORT IDEA: RISING WEDGE - REVERSAL CONFIRMATION

XAUUSD Is currently in a bearish flag channel after reaching a record high with investors flocking to safe haven assets amidst fiscal issues.
A rising wedge pattern has formed within this channel. This pattern is a bearish pattern signifying a reversal.
This bearish confirmation (rising wedge) within a bearish flag is confirmation of a potential move to the downside.



*This is not financial advice and should not be regarded as such. This is merely the idea of the author.