DanielKjoelstad

Possible break of long term bullish channel soon

FX:XAUUSD   Gold Spot / U.S. Dollar
127 0 4
There is a wedge forming out from the channel up. We might get a bearish break out soon if the wave count proves correct.
Comment:
snapshot
Comment:
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And breakout coming through..
Comment:
snapshot
Comment: Price needs to build momentum to go further down, lot of power needed to break out of long time bullish structure, but I am quite confident a break continuing the horizontal wedge should come anytime soon.
Comment:
snapshot
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