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decentshaw

XAUUSD Descending Triangle

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
decentshaw  
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns
6
0
trendanalysis chartpattern
What we have is a typical descending Tringle with lower long spikes at bottom.
Its self Explanatory. On other hand we are seeing Dollar index rising and Dollar strengthening against currencies. May be 1800 Zone in the corner. We also have to see how it reacts with the US CPI announcement next week on Tuesday. Overall Bias is down side

Regards,

Comments are welcome.
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