GOLD is currently at a critical juncture, marked by multiple confluences. The price is within the Potential Reversal Zone (PRZ) of a bearish bat pattern and is facing a key resistance level, which could potentially lead to the formation of a head and shoulders pattern. Additionally, the presence of bearish divergence signals potential downward pressure. A break below the previous higher low would likely confirm bearish dominance, suggesting a potential decline in price.
Note
price touched PRZ of crab pattern.
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.
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.