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XAUUSD (Gold) Make Or Break It Week Ahead

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Hello Trader,

please see my idea on Gold. We are currently sitting on a strong support, which is made out of a longterm trend line + a Fibonacci Extension target of 0.618.
This target is the minimum requirement to be met in order to force the next impulsive from bullish side.
However, I think that we might break this triangle to the downside first in order to grab bearish liquidity, because a lot of traders will enter short on such a confirmation. This might be a good chance for institutional traders to grab the liquidity they need in order to send Gold to new All Time Highs.

This is no financial advice.
RT

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