Gold planning

29 apr 2018

XAUUSD
The next week planning for gold trading, I saw the price was falling to major flip zone and the price showed reversal pattern at there. Moreover, the momentum was also losing while breaking a trendline. So, I think the next week gold will have upward movement until the price touch to the first fibonancy retracement; 38.2% and then the price will drop again. The midweek or on Friday will see movement like inverted head and shoulder pattern. I will update again if the price will not move like I said.

Good luck :)