Are Gold melodies in the Megaphone?

5 Şub 2020

5 Şub 2020

Not

XAUUSD is currently a battlefield. It has reached a price level where traders are divided between the continuation of the trend and the turn of the trend. This is the reason why I thinking about the forming possibility of the "megaphone pattern" near about the monthly pivot level. If I see it right a leg forming at the middle of the monthly support (MN-S3) and the monthly short breakout level (MN-S4). New support? We will see what happens.

5 Şub 2020

Not

6 Şub 2020

Not

7 Şub 2020

Not