Overall view - Expanding channel
Clear head and shoulders pattern forming on the 4H.
1H bullish flag to form a possible bigger second shoulder.
Looking for a retest of the channel & an impulsive breakout to the downside for the 90% retracement to 22.4k then 20k before seeing further long term growth.
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XAUUSD - Long position prediction based on technical analysis.
Current prediction based on the following analysis ;
HTF ◄ Daily
Bullish Trend ◄ Yes
Pattern confirmation ◄ Yes
> Inverse H & S bottom
> Bullish H & T pattern
Major Structure ◄ Yes @ 1763.00 & 1795.00
Break out of H & T pattern @1747.40 ◄ Yes
Missed opportunity on the previous 4H pullback into...