SHORT activated, price fallen out of the channel and pattern couldn't be completed.
Looks still very , dollar is gaining more power than it already had. That's a sign for the xauusd pair.
Gold price has fallen out of the channel in the beginning of March. Now the lower band of the triangle act as resistance.
As you can see gold is being triangled with an upmoving new channel and the lower band. Also a is in play, near to completion. This point 5 where it should fall is almost at the lowerband of the bigger channel which is highly possible to fall down from.
Point 4 of the triangle is at fib level 0.618, which makes the more reliable. Please share your opinion below and if you disagree, I would like to know where your analysis is based upon.