Black line- wedge pattern
Gold price is trading around $1,826. Price got rejected at the upper wedge pattern boundary and then found support at the lower boundary. Gold price made a low at $1,818. Technically trend remains bearish in the near term. The wedge pattern remains intact. Resistance is at $1,835. Bulls need to break above this level in order to provide a bullish signal. The RSI continues to provide bullish divergence signs in the 4 hour chart. A bounce higher is very probable.
