XAU/USD has completed the cup and handle setup with a falling wedge on the daily time frame. I am considering an overall bullish trend in the long term. a break out is also expected from the falling wedge as it has reached at least 75% of the pattern.
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what i forgot to add was a breakout downwards from the wedge. i was biased towards a long position because price held that support zone for months now.
to trade this updated idea, wait for a retest after the breakout and look for optimum entry on lower time frames