XAU/USD - Price Structure
Following up from my prediction over 2 months ago (chart shown below), I'm almost ready to sell XAU/USD.
Since predicting the bearish 5-0 price has reached $1248, therefor completing the pattern.
I am now looking at additional analysis to confirm my position.
If we take a look at the main chart, price has been trading within a rising wedge since December 2016, we are now showing signs of a potential breakout to continue the long term trend.
I'm expecting price to break the trendline and pullback before I enter my long term short.
Please feel free to leave your opinion below.
Since predicting the bearish 5-0 price has reached $1248, therefor completing the pattern.
I am now looking at additional analysis to confirm my position.
If we take a look at the main chart, price has been trading within a rising wedge since December 2016, we are now showing signs of a potential breakout to continue the long term trend.
I'm expecting price to break the trendline and pullback before I enter my long term short.
Please feel free to leave your opinion below.
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