XAUUSD H4 ,D1 Short
As drawing shows ,I believe price has reached the upper boundary of bullish channel , it is around the C point of an ABCD pattern ,and it is going down to complete the pattern and at the same time the last arm of a large daily head and shoulder pattern.
Note
If it goes as i predicted , the expected target and the " D " point , would be around 2275 - 2250 , nearly 113% to 127% fibo projection of AB arm .
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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.