Gold's Wild Ride: Is the Bearish Pressure Coming?GoldOANDA:XAUUSDDaniellaLionForexHello everyone, what do you think about XAUUSD ? Yesterday, gold experienced a significant move, briefly hitting 3,399 USD before pulling back slightly. It is currently fluctuating around 3,390 USD. At the moment, gold is attracting attention from investors as a safe-haven asset, especially amid rising concerns about the independence of the US Federal Reserve (Fed), following recent criticism of Chairman Jerome Powell by President Trump. From a technical standpoint, gold is forming a rising wedge, signaling a potential bearish reversal. As the price of gold nears the top of this pattern, the risk of a price decline becomes more apparent. If gold drops below 3,385 USD, a sharp pullback is likely, with the next target potentially at 3,375 USD or lower. What do you think, will XAUUSD continue to drop? Feel free to share your thoughts in the comments below! Wishing you successful and profitable trading!