XAUUSD......WILL THE SELL CONTINUE TO 1600.00

2020年5月1日

Please like my idea and follow me on tradingview and share with friends it will encourage me to do more.also join my telegram group @ FBS BROKER thank you............ After the buy started from 1572.827 and ended @1747.722 which is the 1.618 extension of the move. Price fell from the 1747.722 to 1661.416 which is the 50% retracement from the move down to up. Unable to move lower price moved up and made a double top (blue line at the top indicates that) and start to fall back to form a neckline of the double top which also provides an ABCD pattern and the D leg =1.618 extension =neck line of the double top= 50% retracement from 1572.827 to 1747.722.