E_PLURIBUS_UNUM

Gold stay in Uptrend

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FX:XAUUSD   黃金現貨 / 美元
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first of all we have hidden bearish divergence and then
price sit on 61.8 fibo retracement level,if you see accurately you will see a head and shoulder pattern
MACD tilt is declining
two scenario will happen:
  • this pattern will fail and price reverse back
  • price will able to breakout below support, descending a little
    and after that reverse back to uptrend
GOOD LUCK
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