GOLD/ XAUUSD - GET READY TO BUY
🔰 Pair Name : XAU/USD
🔰 Time Frame : 4H
🔰 Scale Type : MID Scale
🔰 Direction : SELL THEN BUY
From a technical perspective, it is important to highlight that Gold is currently in the process of forming a noteworthy Harmonic Pattern, specifically the bullish Crab Pattern, as discussed previously. As the price approaches the XA 1.618 level, it coincides with the Gold daily/4H/1H Demand zone, approximately around the 1898 area. This presents an opportunity for a retracement to address the market imbalances created over the past few weeks. Our projection suggests a potential price target of 1944, with the possibility of further extension to 1956.7 at the B point-C point, before considering a selling opportunity.
In light of these observations, it is of utmost importance to exercise caution and make well-informed trading decisions, while maintaining a vigilant approach to market dynamics.
🔰 Time Frame : 4H
🔰 Scale Type : MID Scale
🔰 Direction : SELL THEN BUY
From a technical perspective, it is important to highlight that Gold is currently in the process of forming a noteworthy Harmonic Pattern, specifically the bullish Crab Pattern, as discussed previously. As the price approaches the XA 1.618 level, it coincides with the Gold daily/4H/1H Demand zone, approximately around the 1898 area. This presents an opportunity for a retracement to address the market imbalances created over the past few weeks. Our projection suggests a potential price target of 1944, with the possibility of further extension to 1956.7 at the B point-C point, before considering a selling opportunity.
In light of these observations, it is of utmost importance to exercise caution and make well-informed trading decisions, while maintaining a vigilant approach to market dynamics.
Trade active
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Price is about to complete the bullish crab pattern today. Watch out buy zone!!Note
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if it's 1 :11, 11:2 trades, you win!!Note
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Take your profit and come back on Monday to enter again after retest!Note
Please see our newest post for gold’s possible Monday move.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
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Price will retrace back to 1930.2-1930.4 before going down again. You can sell from thereTrade closed: target reached
Trade active
Back on game! are you on buy again?Note
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Big success!Trade closed: target reached
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