XAU appears to have compressed and potentially reversed out of it's wedge, typically when price consolidates it may take a while before it breaks out however XAU/USD seems to have a false breakout which will lead to a quick retest of the support line around May/April
Check back mid 2018, however sentiment is pretty bearish for Gold, however people are anticipating Gold price to surge in 2018 due to potential fiat collapse
Keep eyes on mid-2018 for price action
Check back mid 2018, however sentiment is pretty bearish for Gold, however people are anticipating Gold price to surge in 2018 due to potential fiat collapse
Keep eyes on mid-2018 for price action
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.