XAUUSD 4-hour Chart – Is the high in at 2195 for now?
Is XAUUSD set up for a correction?
Technicians will point to a wedge formed by trendlines on both sides.
I can only go by what AT shows me. When there are 3 lines, in this case blue, drawn off the high, it is often followed by an acceleration in the direction of the lines. In this case, it would be to the downside.
Watch the up trendline to see if it holds or can be broken.