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UnknownUnicorn11630303

Gold 1:1 double bottom projection

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
UnknownUnicorn11630303  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Double Top or Bottom
9
1
trendanalysis chartpattern doubletoporbottom
A potential double bottom is forming on Gold. We saw the trend line down from 2070 being broken, diving back down to the low of 1616 area. Entry would be placed at retest of the validation line at 1730 and tp would be ~1845 completing a 1:1 price projection.

GL
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