XAUUSD daily chart, Cypher pattern, with RSI positive divergence, stabilizing from interim down trend line, targets.
Possible scenario against strong resistance 11/7/2016 down trend line, 200 sma.
Breaking out of the resistance area, possible ABC wave.
Possible scenario against strong resistance 11/7/2016 down trend line, 200 sma.
Breaking out of the resistance area, possible ABC wave.