FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
When we look at Gold in the present we can see that the channels are clearly defined at this point. Expectations are predictable with expected small move up in a consolidation move, then a quick and decisive move down to the bottom of the channel where market makers will be targeting the stops form the prior Long positions. Looking at the past patterns and historical business that has taken place at these levels reveals these market maker targets. Fundamentals applied to the pattern and structure will deliver the expected impulsive move up from the bottom of the channel. Looking for Gold to retrace and impulse nicely in the near future. Cheers!


Just tracking gold now to the larger expected move.
Gold made a break to the upside with an internal correction move. Expected pattern retracement on the 4H would be expected with a consolidation break to the downside to meet the bottom channel before the larger impulse move that we're waiting for. Gold is on the watch list for this structure.