Updated

XAUUSD

Here we can see that the price found a resistance zone and now turning down to test the channel and of course broken resistance levels. You may open short position here and take profit when price declines to the previous high. However, we do not need to enter against the trend. Waiting for the pullback would be nice way to go long with more highs. There is also another pattern which has not completed yet. If this pullback will be prolonged a bit, then we can consider it as a pattern. The trend will show you where it is going in coming hours.

Note

Price is at strong zone which has been tested as a support and as a resistance
You may close short position here

Note

Note

As we mentioned that there was another pattern, inverted SHS. Price dropped from expected level, now it should reverse from support zone, then we can count it as an inverted SHS
Wait for further update

Note

Falling wage ends on golden ratio

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Positive news for USD leads to decline Gold

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We are still in a game

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Unexpected fall of Gold

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