possible cup and handle pattern 4h timeframe XAUUSD
After alot of bearish movement XAUUSD started pushing up after the 1680 area if u look at the DXY daily timeframe there is a double top formation indicating that theres a huge chance the price for the dollar will drop, This week theres alot of red folder news on USD and on the daily timeframe for xauusd theres a double top area that i think once the news is released and data updated it will be enough to push price over that area. which has caused me to scale down to the 4h timeframe and find this set up. i would still like to see price break above double top on daily timeframe retest previous resistance and start pushing up for a second entry on gold. what are your thoughts? please leave comments
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