XAG/USD – 2H Chart • Possible bullish pattern, with a probability of a Sharp Correction in Minuette (c) (orange), which could lead towards a completion of Minute B (blue) and a bullish impulse in Minute C (blue).
XAU/USD – 2H Chart • Possible bullish pattern, with a probability of an Ending Diagonal in Minuette (c) (orange), which could lead towards a completion of Minute II (green) and a bullish impulse in Minute III (green.
I think the price has big chance to move down because: 1. Long — term trend is bearish on XAU/USD + Major currencies (EUR, CAD, CHF, AUD, NZD, JPY) 2. The price is in a range. In sideways moving big players accumulate their positions. 3. We have the same situation, exchange rate 1,5 month was in the range, that means if the price will break down key level $1180...
Long Coffee area 100.00-120.00 with target 145.00 - 170.00 - 200.00