20260418-XAUUSD Idea

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20260418-XAUUSD IdeaGoldOANDA:XAUUSDJerry_CTLContinuation from Friday’s price action, the market is starting to show characteristics of a rising wedge formation. However, since price has not yet reached the key resistance at 4996, a cautious approach is still preferred. If the wedge structure confirms and shows signs of weakness, key levels to monitor for a shift in momentum are the previous low at 4767, along with the bullish BoS level at 4644 as confirmation of a structural breakdown.