OANDA:XAUUSD   Gold Spot / U.S. Dollar
Price has recently broke out of a channel & I'm now looking for price to retest the previous channel. Have identified a possible bearish flag/pennant forming which would confirm the direction of the retest. The RSI is also reading around 70% which again, puts another tick in the box for price to drop down. Will have to wait & see if there's a gap when the market opens on Sunday night, but if price looks pretty much the same as it does now, then im in on a short as soon as price breaks the little triangle pattern . Good luck :)
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