GOLD
Updated
For now the chart is fluctuating in a neutral channel from 1675$ to 1760$.
Based on two possible patterns on the chart:
1. If the TOP of the channel is broken, target area of the Double Bottom(W) pattern is 1815$.
2. If the breakout is from bottom line, the target area of the FLAG pattern is 1620$.
Fundamentally, keep an eye on DXY analysis and BTC dominance chart; both have great impact on Gold price.
Based on two possible patterns on the chart:
1. If the TOP of the channel is broken, target area of the Double Bottom(W) pattern is 1815$.
2. If the breakout is from bottom line, the target area of the FLAG pattern is 1620$.
Fundamentally, keep an eye on DXY analysis and BTC dominance chart; both have great impact on Gold price.
Trade active
Channel is breached from the top there should be a pullback then first target is 1800$
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