XAUUSD prediction - 1H analysis

16 Mar 2022

XAUUSD has reached the descending triangle pattern which makes it more likely to break out and continue to the down side. If it breaks I would recommend having a TP at the next 1908. Once the break out is confirmed enter if not stay away since it has way too many wick rejections and can be the end of bear run as well.

Good Luck traders