XAUUSD Analysis 25/10/20 Week Commence
I see a Double bottom on the 1HR chart at the 1895 Support
We are still within the symmetrical wedge if you follow the analysis by using the lower trendline however the upper trendline has been broken and could indicate further downside for the week.
The market will be very volatile due to the coming up election and the current times.
I am personally going to wait for market open and check the gap which forms and then allow the market to form some structure and I'll re-analyse the chart on Monday morning for London.
No rush trades will come to you have patience!
We are still within the symmetrical wedge if you follow the analysis by using the lower trendline however the upper trendline has been broken and could indicate further downside for the week.
The market will be very volatile due to the coming up election and the current times.
I am personally going to wait for market open and check the gap which forms and then allow the market to form some structure and I'll re-analyse the chart on Monday morning for London.
No rush trades will come to you have patience!