Although if this is a , the target may be 1168 before being 1155.
The is in a pattern as well. So let's wait and SEE.
EURUSD situation and the power of the pair may be very decisive. Please keep in mind the Geopolitical agenda that may influence XAUUSd as well as EURUSD Pair although there is an agreement with regard IRAN this Agreement may not be carried at the Senate. So let's wait and see.
Thanks for all your charts.
I find it hard to disagree with you!
But Ill try!
First I would say is a Cup and Handle pattern still fits. eg. Left shoulder high,... didnt not retrace 50% etc.
Also we have a Bearish Wolfe Wave touch at the current low @ 1194 .37. Support, which is rising (trendline) !! and an early exit perhaps.
We have H & S patterns in 2 time frames. One is a H/S bottom. The other is H/S tops, where we are looking for the right shoulder peak at this moment in time!!....I would like this Shoulder higher, You are saying its possibly done with these DT's.
One for you to look at!!
WE can have BOTH!!
Because IMO the right shoulder currently is to low and needs to go higher first.
Giving us a H/S bottom completed(up),.... then the H/S tops to complete(down), To a new low!
Pashabxl a Pound/aud chart for next 2 mths please, wish to travel.