chartwatchers

False breakout from gold triangle on the hourly chart

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
8
Gold has formed a triangle on the hourly chart.
I was waiting for it to break down, but the banks who are controlling gold prices managed to make a breakout to the upper direction.
The breakout had no follow through we are heading to 1190 with a key reversal.

More pain is coming.

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