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GOLD - Waiting For Bulls

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
WicktatorFX Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis XAUUSD Gold signal xauusdlong XAG USD ( Silver / US Dollar) USD DXY DJ FXCM Index EURUSD
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trendanalysis chartpattern waveanalysis xauusd gold signal xauusdlong xagusd usd dxy usdollar eurusd
Gold has been in a descending channel since August 2020 and we managed to catch a beautiful short in February this year (See linked chart).

For this trade, wait for bulls to confirm a trend reversal by breaking that descending trendline and then get in on a correction. Gold could be creating a double bottom at the moment. Wait patiently for a break!

Goodluck and trade safe.
Comment:
Double Bottom:
snapshot
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