I wish there could be one more down move for this pair. There was a formidable move down back in January. This is why my analysis suggests to sell each flag breakout for the price to create a zigzag move.
Possible gold support and rise against British Pound
Gold in sterling pounds has formed during the last 4 years a bearish cypher pattern. Targets of the pattern: 1st target (reached)--->905 The price bounced at 905 price level 2nd target (To be confirmed)--->820
ENTRY LONG @ 871 SL 824 TP1 942 TP2 988
#GOLD #XAUGBP completes a pattern
#XAUGBP #GOLD #GBP Scenario in US elections 2 high probability zones zones
#XAUGBP #Gold Going UP to Complete Pattern and Test Channel
#XAUGBP #Gold Gartley, Cypher, ABCD Patterns
GOLD/GBP 4H support If GBP continues to go up,the DXY will down,which will lead the gold to go up; vice versa.
XAUGBP broke out and retest, missed the good price to short this pair after retest