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Coinducation

GOLD Probable trend reversal

Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
Coinducation Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Gold outlook
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trendanalysis gold outlook
As mentioned in the graphic, if there is a strong rejection of the Trend line, it will form a new Lower High prompting confirmation of the new Downtrend in the 4H chart
Comment:
The price decided to consolidate, then with the new "Corona Virus Threat" everybody is flocking to the GOLD standard driving the price up.

I am expecting further upwards movement to the 1595 zone.
Comment:
BTW, as you can see, both things happened, the TREND did change to an uptrend on the Daily, and there was s quick setup for a countertrend Sell at the rejection of the TL for the intraday 4H SELL until 1550, then price continued the uptrend after a short consolidation around the 1550 -1559 zone.
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