Hello Traders!
XAUUSD has formed a reversal M shape Above the Major resistance which is currently support but this support will again turn to a resistance soon.
Gold has also formed J pattern Shape which is a reversal pattern. For more details for Complete move of Gold check the analysis Below.
Go for the sell now with tight stoploss. The first Target is at 1800. This will be very good Risk reward trade.
Good Luck Traders.
J pattern
XAUUSD has formed a reversal M shape Above the Major resistance which is currently support but this support will again turn to a resistance soon.
Gold has also formed J pattern Shape which is a reversal pattern. For more details for Complete move of Gold check the analysis Below.
Go for the sell now with tight stoploss. The first Target is at 1800. This will be very good Risk reward trade.
Good Luck Traders.
J pattern
