XAUUSD Possible Sell-off as Price Forms An Ending Diagonal
Previously we talked about Gold selling-off as we saw wave (C) form an Ending Diagonal Pattern which in this was a contracting diagonal. It seems like price continued to rise and that doesn't really invalidate the idea of an Ending Diagonal Pattern, but we have to see a short term buy before seeing the next drop on the XAUUSD chart. The pattern is still occurring on the wave (C) of a flat correction pattern.
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