GOLD: AFTER A 3500 PIPS PROFIT WHAT NEXT?
XAUUSD
Hello traders, before we get into the ANALYSIS kindly click on the like button for support of more analysis.
Also remember that the market is reactive and not predictive.
From the previous ideas on gold, we caught over 3,500 pips. Now a descending triangle is undergoing construction. Will the price of gold fall to retest the neck line of the inverse head and shoulders as expected or will it go the opposite direction for a quick 1,500 plus pips.
Watch carefully for a potential break out
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