long term just an idea what its coming

FX:XAUUSD   Gold Spot / U.S. Dollar
its forming in long term a round bottom . this pair is quite unstable political acts affect tremendously specially to gold
I agree. This drop down is artificially influenced by the rate hike. The wedge formed is now better balanced with the rising and decreasing trend lines on bottom and top of the wedge being more or less mirror images of each other. Wer can also see that the price has been consolidating towards the top of the wedge. If the price makes it back up to the higher side of the wedge, it will likely break out