Gold had broken a weak low @2008.50. considering the htf order flow as bearish (price had been rejected on htf), this signals a change in character and hence can wait for pullback at a premium supply zone and short this commodity
The pair may either rally or drop from the consolidation point and make a good move from that zone but only after a retest. The consolidation channel has been valid in one week, one day , 4hr , 2 hr and 1 hr tfs a clear confirmation that the trend is building strongly
we apply WBT (WAIT BREAK TRIANGLE) and retest and either short or long it depending on the side...
This pair is ready to hit the one hour resistance level having trailed through the support line for some good period of time. i anticipate a strong buy
