Gold: Double inside day (harami) suggests Fed volatility

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has been consolidating at the bottom of a strong downtrend near $1200 per oz.
We will follow the trend until it ends! assuming a break lower. The risk to this outlook is the monthly rising trendline holds

Potential bearish scenarios
Scenario A) The inside day breaks to the downside, targeting 1160 low
Scenario B) Inside day makes a false break to the topside before turning lower
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out