I think this week that gold can break out of this downtrend. If you scale down to the 15 min you can see that the 50 moving average is below the candles so it can possibly break out as I predict.
I think that this pair will end up dropping hitting the bottom of the channel and either continue down or shoot up we will see not to much confirmations on what this is telling us.
I think gold should create a new lower high because a lower low was just formed. So expect Gold to drop down even more. Also check the news guys. Hope this help some people.
I believe that this pair can keep going up to the upside and possibly hit the line consolidate a little bit and then make its move either down or up more.
