Potential BIG trade

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This analysis fails if the price break above the red line.

PS: Click the link in the Yellow circle to see the previous analysis

Catalyst:
- Daily time-frame price action
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Fed Chair Powell:
-Consumer prices remain particularly soft in hard-hit sectors
-Pandemic has left a significant imprint on inflation
-Increase in B/S has materially eased financial conditions and is providing substantial support to the economy
-Essential to preserve the flow of credit
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US Unemployment Claims
885K
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Let's see if that was a real rejection or not

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This analysis is valid once the price closed below the SELL ZONE.
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The analysis valid if it can break below the channel

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If the price able to breaks 1850, it could be a potential HUGE head and shoulders.

If that's a real HS, this trade could be the greatest trade of next year.

1850s zone is very crucial. Keep your guard up.

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Breaking News:

PALM BEACH, Fla. (Reuters) - U.S. President Donald Trump on Sunday signed into law a $2.3 trillion pandemic aid and spending package, restoring unemployment benefits to millions of Americans and averting a partial federal government shutdown, a source familiar with the matter said.
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I sent this chart to my clients, it has reached the target 1 so far

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BREAKING: Treasury Secretary Mnuchin says stimulus payments to Americans "may begin to arrive in some accounts by direct deposit as early as tonight and will continue into next week"
GoldgoldcartelSupply and DemandSupport and ResistanceTrend AnalysisXAUUSDxauusdforecastxauusdsignal

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