XAUUSD on the consolidation
After previous week's drastic fall, the gold started its consolidation on the way up but on a certain price zone, the chart has faced the same resistance three times which is shown on the chart. After breaking this zone, we predict that the gold price will hike to 1785$ per ounce.
moreover, the chart has formed an a,b,c chart pattern. In this case the target is the length of a wave from the breaking point of b wave.
moreover, the chart has formed an a,b,c chart pattern. In this case the target is the length of a wave from the breaking point of b wave.
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