XAUUSD - Jan/Feb (THE BEST TRADE SETUP FOR THE YEAR?_I am going to present you with the absolute best setup we could see this year!
XAUUSD Upward Channel on the 4his reaching its top and key level at 1850-1860.
XAUUSD Is also reaching the Peak of the Downwards Channel since its ATH Last Year
What does this mean?
Institutions will begin entering their positions to short gold to potentially 1750.
Each time Gold has reached these levels & Channels, we have seen an average of 5-9% downwards movements within a 1-2 week period followed by a long bullish move.
THIS WILL ABSOLUTELY Repeat.
Let's take the average of 5% downwards move to be conservative; we are going to see prices go down to 1750-1775.
Moreover; if you see the strong move back on March 21', you will understand that this move will likely replicate such a pattern.
GOODLUCK!
