gold will make a pull back again
#XAUUSD have created two waves pattern which have been on buying above 1965 our first target and 1971 which the bullish stopped but possible it can continue, now the price have formed a downtrend movement which we can possible see below 1958-1956 again, the risk and reward ratio is 0.65 while stop target is 17.62(0.90%) making a fallback below. The trend is making a rejection which can hold back before a new bullish trend will be form.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.