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rehbock95

XAU/USD Pattern repeating!

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
rehbock95  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis xau_usd Gold dollar
17
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trendanalysis xau_usd gold dollar
As wee can see in this 1H XAU/USD chart, we may see the same pattern repeating.

Bullish point of view:
1. Gold is in high demand
2. Bulls aiming for all time high from here
3. Dollar weakness helping

Bearish point of view:
1. Repeating pattern seen in chart
2. Resistance at 1800 reached
3. Bearish divergence on bigger timeframes
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