This is how Gold is looking currently, we were expecting it to sell after it made a third touch on the downward trendline, however we see that it broke the trendline & it is now buying to 2538.72 which is our outer downward trendline.
Gold will be touching that outer trendline & that will be giving us a fourth touch on the 1D timeframe. After the fourth touch we...
We are on the lookout for sells on XAUUSD (Gold). We are waiting for a sell confirmation which will be the third touch on the downward trendline. After the third touch we can place sell positions if the bullish candlestick closes below the trendline and then opens a bearish candlestick also below the trendline.
