hello guys.

let's talk about the potential!

Gold touched the top line of the main ascending channel and hunted a little bit!

on the other side, it touched the 1.61 line of the breaking channel as well!

so we can expect the price will start a downward movement but we have not any confirmation in this time frame!

the lower time frame shows a changing structure but we cannot count on it yet! So we will save this perspective until the short confirmation releases!

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Note
two engulfs and a slight breaking trendline happened!

snapshot

still, we should wait! as you know gold is tricky!
Note
the perspective failed

snapshot
Beyond Technical AnalysisChart PatternsGoldgoldanalysisgoldsignalsTrend AnalysisXAUUSDxauusdsignal

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