20170811 Possible RA Descending Broadening on XAUUSD daily short

thepatternsite.com/rabfd.html

Possible RA Descending Broadening on XAUUSD daily

Looking at LS touching T S = K S weekly And Descending trend line for two times now

Short if angle of LS is going on the down side

To be validated it must touch the trend line around 1195$ for a third time and then gold could reach new highs (higher than 1300$)

Stop loss If gold is going higher than 1300$

Comment:

Possible bearish divergence in formation with resistance at 1287$ T S = K S weekly

Comment:

Possible Triple topping