OsamaAbouzeid
Short

XAUUSD _ Valid Flag Pattern = Potential Reverse !

FX:XAUUSD   Gold Spot / U.S. Dollar
Potential reverse at the decision zone due to the .following :-
1- Valid Bearish flag pattern.
2-Valid AB=CD pattern inside the flag pattern .
3-Valid structure level.
4-0.618 fib retracement for AB leg .
5- Trend hits the upper line of the bearish channel .
6- RSI overbought
Helpful EW interpretation,however the question remains is this the reversal and how do we assess if it is?Alan Simpson
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