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DanielKjoelstad

Possible break of long term bullish channel soon

Gold Spot / U.S. Dollar (FX:XAUUSD)  
DanielKjoelstad Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
4
0
There is a wedge forming out from the channel up. We might get a bearish break out soon if the wave count proves correct.
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snapshot

And breakout coming through..
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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.
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