Gold gains, but wedge could point to pullback
Gold has been gaining ground overnight, as the market extends the gains seen throughout the week. On a wider context, there is a good chance we have bottomed out, and as such further upside seems likely.
However, with a bearish rising wedge forming, a break below $1290 would point towards a possible short-term retracement. However, until that happens, the bullish outlook remains in place.