nagihatoum

XAU Gold in a falling wedge

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
A pattern finally emerged. Should for a double bottom and breakout.

BTC is highly collaborated with gold, but that has weakened in the last 2 days. Todays gold drop did not affect BTC too much. if 1848 does not hold and price breaks down then there is high probability gold will reach 1724. But I am inclined to believe that a big dump is unlikely.

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