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KaisMarket
Jan 29, 2023 9:47 AM

XAUUSD  Short

Gold vs US DollarPepperstone

Description

Is it time for the main trend test yet? The charts are certainly indicating so, we have this rising wedge that we have broken out of but also a early H+S formation. We will need to give a few days to see if we get a right shoulder play out to confirm this but if so Targets next week will be 1902 & 1870 ish leve.

1920 still remains a solid support for bulls so a break below would give us that confirmation of going lower. Any bounce could see us stay in the pattern or break out and higher
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