Looking for a potential reversal pattern to trade to the upside. Keep an eye out for a breakout from the trend channel.
Price has closed outside long term bearish trend channel on the daily and 4 hour. Looking to enter upon price retest of key level.
After making lower TOPs and lower BOTTOMS Gold has apparently made a higher low which is a warning sign of reversal, especially just hours before last FOMC of 2016. Bearish tone by FED may result in reversal in GOLD and USD Pairs, offcourse.