Two uptrend AB=CD patterns cross with downtrend Flag XAUUSD
Contents:
1- Green AB=CD bullish pattern. will be mentioned with (x)
2- Red Ab=CD bullish pattern. will be mentioned with (y)
3- bearish Flag pattern. will be mentioned with (z)
Body:
Expected formation for two bullish AB=CD after the point C has been determined for both.
Stage 1:
XAUUSD will fall to constitute D point @ 1227.2 for (x). long @ 1228 then it gonna raise to TP = . 1800 pips to 3000 pips.
Stage 2 :
XAUUSD gonna fall again from the (x) TP levels to constitute D point for (y) @ 1198.2. long @ 1200 & TP . 4600 pips to 5800 pips.
Supportive points:
1- (x) & (y) intersected with (z) which its target is 1198.2 crossed with D point of (y).
2- The high possibility (65%) to raise the interest rate in federal reserve in December 2016 backs the analysis.
3- The high possibility for Mrs. Clinton to win the elections supports the analysis too.
1- Green AB=CD bullish pattern. will be mentioned with (x)
2- Red Ab=CD bullish pattern. will be mentioned with (y)
3- bearish Flag pattern. will be mentioned with (z)
Body:
Expected formation for two bullish AB=CD after the point C has been determined for both.
Stage 1:
XAUUSD will fall to constitute D point @ 1227.2 for (x). long @ 1228 then it gonna raise to TP = . 1800 pips to 3000 pips.
Stage 2 :
XAUUSD gonna fall again from the (x) TP levels to constitute D point for (y) @ 1198.2. long @ 1200 & TP . 4600 pips to 5800 pips.
Supportive points:
1- (x) & (y) intersected with (z) which its target is 1198.2 crossed with D point of (y).
2- The high possibility (65%) to raise the interest rate in federal reserve in December 2016 backs the analysis.
3- The high possibility for Mrs. Clinton to win the elections supports the analysis too.