Wedge Breakdown Defines Broader DirectionGold recently broke down from a rising bearish wedge, completing a first leg down at Monday’s low of $4,501. That established a higher swing low, but a rally faces downward pressure, indicated by the wedge trigger. More significant lower targets start around $4,402, while the lower end of a zone is the 200-day moving average at $4,301.Counter-Trend Rally Risk Before Next Leg LowerA counter rally following the wedge trigger would be normal and expected. It provides th ...