This chart shows that the biggest time frame (monthly) is the time for continuing down trend and in the lowest time frame we find out that the ending pattern is shaping and although is the p;ace of a supporting line that now is a resistance line !!
so we should see a down trend till the price that shown.
it had nice pattern that sellers doesn't have the power so the pattern failed and power goes to buyers , so they want to model the XA , the first part has a shape of Ab=Cd , and the countinue part that we are waiting for , its a nice ab=cd :)
double top of Xau/Usd shows that it doesn't have the power of Buy and if the Mentioned Black Line we will have short position , the target price and target time has been shown in the chart , have a nice week :)
the trigger was broken and it has time to model the inverse Ab=Cd , so it has two TP in fibonacci ratios of time, that it mentioned in 4h time frame , have a nice trade :)
it has been moved upward strong resistance , so it has a great bullish move and closed upper than that resistance , so it'll model the ab=cd pattern, :)
