Gold Intermediate Term, Strong Pennant Forming

XAU appears to have compressed and potentially reversed out of it's wedge, typically when price consolidates it may take a while before it breaks out however XAU/USD seems to have a false breakout which will lead to a quick retest of the support line around May/April

Check back mid 2018, however sentiment is pretty bearish for Gold, however people are anticipating Gold price to surge in 2018 due to potential fiat collapse

Keep eyes on mid-2018 for price action