Bullish breakout forming on Gold Aussie.
Inverted head and shoulder pattern on 4HR chart.
Ascending triangle with price pressed up against current month high.
Price is moving fast if you look at daily time frame. There may be a pullback before we go higher.
If you are going to take the breakout anticipate a strong move away from the breakout level. If this does not occur pull out and wait for more accumulation near the next swing high formed.
XAUAUD
Inverted head and shoulder pattern on 4HR chart.
Ascending triangle with price pressed up against current month high.
Price is moving fast if you look at daily time frame. There may be a pullback before we go higher.
If you are going to take the breakout anticipate a strong move away from the breakout level. If this does not occur pull out and wait for more accumulation near the next swing high formed.
XAUAUD