Gold price is teasing a falling wedge formation on the daily chart, having opened above the falling trend line
resistance at $1,814. From a technical perspective, the daily candle must close above $1,814 for the pattern to be completed. If that's the case, we expect a bullish reversal and a potential buy trade towards the Friday's high at $1,828. On the downside, the support trend line of the falling wedge pattern is found at $1,789, below which you can enter a short trade. Don't forget the stop-loss and take- profit in both
scenarios!