On this XAUUSD chart we can see a wedge forming. What I would do in this situation is wait for a candle to close outside the wedge. What usually happens is a small retracement and then the move continues. Bullish target would be around 1375 and 1320 for a bearish target.
Let's see what happens. Updates will follow.
Komen
⋅
Very likely to see some bearish movement from here.
Komen
⋅
Going great so far. There are two AB=CD patterns completing soon. Price might go up from there [around 1320]. Check the comments below for more information.
Komen
⋅
Price rejected off the completed AB=CD pattern. I'm expecting to see upwards movement to the 1334 area.