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XAUUSD Bearish correction inside the Channel Up

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
TheCryptagon  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators XAUUSD Gold GC1! (Gold Futures) Metals Commodities
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trendanalysis chartpattern indicator xauusd gold gc1! metals commodities
Gold / XAUUSD has started the bearish wave, the 3rd one inside the Channel Up pattern that started on October 13th.

So far it is holding the last technical support leve, the 4hour MA50 but once crossed, the pattern has shown that a decline always starts that aims the 0.618 Fibonacci retracement level.

Sell and target 2017.50.

Previous chart:

XAUUSD Best and worst case scenarios but both are bearish.

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