XAUUSD 1H
It seems the price is completing a typical bearish Cypher pattern, and at the same time you may also notice the smaller Crab pattern drawn in red.
If so ,i expect the price to drop to the 61.8% retracement of CD line , where there is a strong support zone too.
If so ,i expect the price to drop to the 61.8% retracement of CD line , where there is a strong support zone too.
Note
My trade would be a sell ,@2447 with SL @2475 & TP @ 2385 -2375
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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.