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XAUUSD Broke Trend- GOLD

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Trend Analysis Chart Patterns Gold USD XAU Commodities Forex pips analysis technicals funamentals
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trendanalysis chartpattern gold usd xau commodities forex pips analysis technicals funamentals
Using the previous week analysis on the 4hr timeframe to confluence USDJPY weekly analysis we see that weaker dollar caused by fundamental remarks/issues and bad economic data Gold broke its trend and looks to be starting a run of higher highs and higher lows. This can be confirmed by the inverted head and shoulders pattern better seen on the daily, also a potential EMA cross would add to the list of confirmations which looks like a possibility. If the dollar continues to weaken 1240 zone seems like reasonable upside target.
Comentarios:
Analysis running well.. gold currently in the supply zone
Comentarios:
Showing signs of rejection in the supply zone.. cool analysis !

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