XAUUSD_Intermediate Term Analysis

27 במרץ 2018

Price bounced off the 1355.00 level, a very clear rejection from the descending channel resistance line at London Open this Morning(Rejection came expected, check previous published idea, channel is still visible on the monthly chart). I am still Very Bullish on this pair/instrument and am hoping to see a rising wedge form going on, which will pierce price through to break the 2018/01.25 High of 1366.00.