XAUUSD......WILL THE SELL CONTINUE TO 1600.00

1 May 2020

Please like my idea and follow me on tradingview and share with friends it will encourage me to do more.also join my telegram group @ FBS BROKER thank you............ After the buy started from 1572.827 and ended @1747.722 which is the 1.618 extension of the move. Price fell from the 1747.722 to 1661.416 which is the 50% retracement from the move down to up. Unable to move lower price moved up and made a double top (blue line at the top indicates that) and start to fall back to form a neckline of the double top which also provides an ABCD pattern and the D leg =1.618 extension =neck line of the double top= 50% retracement from 1572.827 to 1747.722.