XAU\USD Cup & Handle Formation
In my previous analysis I have gold to drop from the upper trendline for the descending channel (also around the 61.8% Fibonacci level). However over the past few weeks/months I have noticed a cup and handle being formed, if price breaks and retests the channel I will be looking to take a long position (no target as of yet) although price may drop lower before this big upside movement.
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