XAUUSD analysis

25 Nis 2020

After a failed inverse head and shoulder, XAUUSD shows some sweet pattern. If you draw fib from the right shoulder you see XAUUSD terminating at 1.618 extension from A to B, a sweet pull back followed after the ABCD pattern, now the price has ran upwards to the 1.168 extension point again creating a double top pattern. Expect price to fall from the 1.168 fib extension