🔰 Pair Name : XAU/USD
🔰 Time Frame : 4H
🔰 Scale Type : Small Scale
🔰 Direction : SELL THEN BUY
From a highly technical standpoint, it is worth noting that Gold is currently in the process of forming a compelling and exceptional Harmonic Pattern, specifically the bullish Crab Pattern. As the price approaches the XA 1.618 level, approximately around the 1898 area, we anticipate a retracement to occur, at the very least reaching the 1944 area, and potentially extending further to 1956.7 at the B point-C point.
It is important to be aware that there is a possibility of the price retracing back to the 1938.5 area today before completing the pattern.
It is crucial to exercise caution and make informed trading decisions while staying attentive to the market.
🔰 Time Frame : 4H
🔰 Scale Type : Small Scale
🔰 Direction : SELL THEN BUY
From a highly technical standpoint, it is worth noting that Gold is currently in the process of forming a compelling and exceptional Harmonic Pattern, specifically the bullish Crab Pattern. As the price approaches the XA 1.618 level, approximately around the 1898 area, we anticipate a retracement to occur, at the very least reaching the 1944 area, and potentially extending further to 1956.7 at the B point-C point.
It is important to be aware that there is a possibility of the price retracing back to the 1938.5 area today before completing the pattern.
It is crucial to exercise caution and make informed trading decisions while staying attentive to the market.
Trade active
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Approaching BUY zone, check our new post today.Note
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Please the related post ''GOLD/ XAUUSD - GET READY TO BUY'' to see the updateNote
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Here we go again!!Note
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We will close our Gold buy trade at 1937-1938 area, press like and comments below if you have been benefited by us. Stay tuned for Gold's next move.Note
Trade closed: target reached
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Check our newest update on GOLD Buy!Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.