As we watch XAUUSD (Gold) become very bullish in the past week I ask, when is price going to correct itself?
And I think we’re getting that correction with this hourly reversal pattern. We still have a lower high to break before fully identifying the reversal so now we’re in the waiting game.
Gold has potential to break 1900.00. If so wait for pull back.
BUT if price breaks “support” trendline rest assure we’ll be aiming for our next target SL.
(Daily) Price gettin closer to reaching its last (HH) at 1.23000. (Daily) Price is also losing bullish momentum so look out for a (Daily) Double Top candlestick pattern. (4H) still showing signs of a bullish market riding price up to 1.23000.
