WXYXXZ
Short

Potential bearish structure developing

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
If price draws a flat (at this point of time we have clear two three waves, marked A & B), than I am selling Gold .
Usually triangles are a strong support/ resistance zones, as we can clearly see from the last downside move.
Channel still holds, but this is not its mission. It should demonstrate - if broken - that the prior trend is likely over and we turn whether to a larger corrective pattern, or observe trend reversal.

Good luck!

PS. If scenario works out as planned, then the mid-term target should be 1400
Our visions are 1:1
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WXYXXZ TeunisDokter
@TeunisDokter, great) Thanks
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