XAUUSD MIGHT BE HAVING A BREAKTHROUGH

The squeeze at the 30min chart is coming to an end. What I see is that it could go both ways due to what we have seen a couple of hours back when US released the news. GOLD was said to be on selling mode at 1724 onwards.

Over here on the charts I'm still siding towards the sell side as a downward trend. But it all depends on whether price have broken through on either sides.

Comment:

A big drop is coming our way as resistance line is being tested.