XAUUSD-Triple bottom pattern formedAt the end of last Friday's session, GOLD had confirmation of a sideways accumulation around the 1916 - 1928 border after the price tried to push up past the 1928 peak but then sold back strongly during the night of Friday, which This shows the hesitation of investors before the US inflation announcement on Wednesday night this week.
If we label the short-term waves from the 1916 to 1928 area this morning, we will see that 5 short-term waves have completed, so the probability this evening may continue to confirm another selling phase back into the market. sidedway border.
If you trade, please note that you should only trade around the upper and lower borders and reduce the trading volume.
It is expected that if selling pressure occurs, GOLD will fall back around the 1922 - 1923 area.
