XAUUSD Shows Signs of Reversing Below 1550

From dailypriceaction.com

XAUUSD (gold) has had an impressive run. I first mentioned this falling wedge, also known as a bullish continuation pattern, in the November 16th forecast video. The pair was trading at 1467 at the time, but the idea was there. I also discussed the bullish potential on December 14th and again on the 17th just before the pair confirmed the breakout. Our trigger for the move higher was the confluence of resistance at 1480, which fell on December 23rd. What followed was a nine-day win streak that took XAUUSD from 1485 to 1586. But the 1550/5 region was always my target here so that extra push above it was the icing on ... (full story)