Gold analysis-XAUUSD(spot)
Looking at the H4 chart a clear rising wedge, bearish reversal pattern, is forming which shows that the momentum of the bulls is diminishing as we move upwards towards the 1834 supply zone. This analysis proposes that the supply zone will be a strong resistance and could see sellers dominate causing a move downwards, if a double-top forms around this 1834 zone. However, should this zone be breached, the next target is 1850-1855.