The precious metal is trading on a soft note with prices down about 0.5% intraday. This comes as gold trades within the consolidating wedge pattern.
At the time of writing, prices are trading just below the rising trend line.
But unless there is a strong decline, we could expect to see an upside move.
A breakout from the falling wedge pattern will suggest a move back to the 1747 handle. And a breakout above this level should see further continuation.
To the downside, the lower support at 1717.65 remains within sight.
