As you can see in the chart we have a textbook uptrend that is leading towards 1890 which is a key resistance/selling area. If the area is broken, I think we will see a long-term bullish trend while in contrast, if this area is not broken, I think it will bounce back down to 1873. If 1890 is broken as well as the subsequent high of 1910 then I think 1953 and even...
This is just a simple chart pattern that shows you the head and shoulder pattern inversed. Safe trade to secure a few pips. The target will be 1917 for XAUUSD.
OANDA:XAUUSD
