Fxprotrader

Gold: Bearish Deep Crab at Key Resistance

Short
Fxprotrader Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Watching how many times we had support and resistance at the lower quartile of this upsloping pitchfork makes us keep a closer eye when price reaches this parallel to see for a setup completion. Price is testing once again the quartile which now acts as resistance and in case we see price moving just a few pips higher we will have the completion of a bearish deep crab pattern. This pattern has great chances to work in our favor..!
Comment:
Price reached the expected level. We now have a very nice buy opportunity which you may see in the chart below:
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