Can go either way, stay on the watch.

5 thg 4, 2022

Currently XAU/USD has created a symmetrical triangle. This type of pattern can follow the trend or completely reverse, there is not telling where the market will go here. MA's all close together showing be indecision currently in price. Possibility of gold going up is there due to this pattern being made on a support level, but the support level has been broken before. HIGH impact news coming at 730am CT with the US balance of trades from February. This is really the big reason why i say the market can go either way. So make sure to be up for when the news drop. Find the news on (myfxbook.com/forex-ecomonic-calendar). Trade carefully guys and be patient!!!